X Settles Legal Battle With Advertisers, Ending Long-Running Dispute Following Musk’s $44 Billion Twitter Acquisition

businesslaw 2 posts · 2 accounts

X has reached a settlement with advertisers to resolve a long-running legal dispute. The deal closes a period of intense pressure that followed a decline in revenues tied to Elon Musk’s $44 billion acquisition of Twitter.

The agreement concludes one of Musk’s most aggressive industry challenges, according to the Financial Times. The settlement ends the litigation without disclosing financial terms, marking the end of a protracted post-takeover fight.

From the sources (2 posts)

@deitaone

ELON MUSK SETTLES LONG-RUNNING LEGAL BATTLE WITH X ADVERTISERS - FT

@ft

The agreement draws a line under one of Musk’s most aggressive attempts to challenge the industry after revenues fell following his $44bn Twitter takeover.

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