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Elon Musk is officially trying to pull out of his $44 billion agreement to purchase Twitter. In a filing Friday afternoon, which you can read in full below, Musk’s team claimed that he was backing out of the deal because Twitter was in “material breach” of their agreement and had made “false and misleading” statements during negotiations.
“For nearly two months, Mr. Musk has sought the data and information necessary to ‘make an independent assessment of the prevalence of fake or spam accounts on Twitter’s platform,’” Musk’s team writes. “Twitter has failed or refused to provide this information.”
Musk has been setting the stage to abandon the deal since just weeks after he signed the agreement, claiming that Twitter released misleading…
Source: TheVerge
