Twitter lawyers are ready to force the deal with Musk. Will it work?

It is unclear whether the potential lawsuit will ultimately see Musk purchase the platform at the previously agreed price, at a new price, or no way.

Social media platform Twitter is reportedly seeking legal action this week against Telsa CEO Elon Musk after he announced his intention to walk away from the $44 billion deal to acquire the social media giant on July 8.

Bloomberg announced July 10 that the company has hired corporate law firm Wachtell, Lipton, Rosen & Katz and will take the case to the Delaware Court of Chancery, a non-jury trial court that deals with of corporate law in the State of Delaware.

However, it is unclear whether the potential lawsuit will end with Musk buying the platform, either at the previously agreed price, at a renegotiated price, or not at all.

Last week, Twitter chairman Bret Taylor pledged to take legal action against Musk for trying to walk out of the deal, saying the board was "committed to reaching the transaction" as previously agreed and planned to pursue legal action "to enforce the merger agreement.”

However, some believe Musk's decision to terminate the deal may just be another tactic to renegotiate the terms of the costly deal.

On July 8, Julian Klymochko, Founder and CEO of Accelerate Financial, told his 24,200 Twitter followers that a negotiated settlement would be the "likeliest outcome."

It may take a while and will probably be quite entertaining, but I think a negotiated settlement will be the most likely outcome

If not a discounted price of >$45.00, then a negotiated severance fee of >$3 billion from Elon's pocket

12/https://t.co/59b4uLTOpH

Angelo Zino, an analyst at CFRA Research, made a similar prediction to nonprofit media organization NPR on July 10 that there was "zero chance" the deal would go through...