Twitter has sued Tesla CEO Elon Musk after he decided to back out of the USD 44 billion takeover deal. As per The Verge, the lawsuit was filed in Delaware's Court of Chancery on Tuesday, accusing Musk of hypocrisy. "Twitter brings this action to enjoin Musk from further breaches, to compel Musk to fulfill his legal obligations, and to compel consummation of the merger upon satisfaction of the few outstanding conditions," Twitter wrote in the lawsuit.

The lawsuit marks the beginning of what could be a protracted legal battle as Twitter seeks to hold Musk to his deal to pay USD 54.20 per share for the company. Twitter, which is being repped by M&A powerhouse law firm Wachtell, Lipton, Rosen & Katz, alleged that Musk looked for an escape from the deal, which required a "material adverse effect" or breach of contract. "Musk had to try to conjure one of those," the lawsuit stated.