Highlights

  • Twitter says Musk making up excuses to breach deal
  • Tesla boss wooed Twitter's board with a $54.20 per-share offer, but then in July announced he was ending their agreement

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Elon Musk making up excuses to breach twitter deal?

Musk also accused Twitter of breaching their agreement by “stonewalling” his information requests

Elon Musk making up excuses to breach twitter deal?

It is a battle of a bungled buyout, bots and with billions at stake. As the future of Twitter's sale remains in limbo, the social media giant dismissed the notion the world's richest man Elon Musk was "hoodwinked" into inking a $44 billion buyout deal.

In a filing, Twitter rejected counter claims made by Musk as he fights to walk away from the deal he inked in April. In a court filing, Twitter calls Musk’s reasoning “a story, imagined in an effort to escape a merger agreement that Musk no longer found attractive.”

The Tesla boss wooed Twitter's board with a $54.20 per-share offer, but then in July announced he was ending their agreement because the firm had misled him regarding its tally of fake and spam accounts.

The fate of that acquisition, which Musk agreed to without taking the time to examine the details of Twitter’s business, now rests with a Delaware court where Twitter sued to force Musk to complete the deal. The case is scheduled to go to trial on October 17.

Frequently Asked Questions

Twitter calls Musk's reasoning a story imagined to escape the merger agreement that he no longer found attractive, and it rejected the notion that he was 'hoodwinked' into the deal.

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