Elon Musk pulls out of $44 billion deal to buy Twitter


Elon Musk has officially tried to scrap the $44 billion deal to buy Twitter. In a filing with the Securities and Exchange Commission on Friday, Musk and his team alleged that Twitter had not been clear about its user data and how the platform handles spam in what could be a “material breach” of the agreement. The withdrawal is just the latest dramatic episode in the Musk-Twitter saga. Musk made it clear that he was no longer interested in buying Twitter just days after signing the deal in April. Also Read – Garena Free Fire Teams Up With Justin Bieber For First In-Game Performance

“For nearly two months, Mr. Musk researched the data and information necessary to ‘make an independent assessment of the prevalence of fake accounts or spam on the Twitter platform,'” a clause in the regulatory filing reads. “Twitter failed or refused to provide this information.” Also Read – How to Disable Last Seen Feature on Truecaller

Twitter, however, is in no mood to entertain Musk’s latest “what-ifs” episode. The microblogging platform hopes to close the deal and for that, it has challenged Musk that legal action is coming soon. “Twitter’s board of directors is committed to completing the transaction at the price and terms agreed to with Mr. Musk and expects to pursue legal action to enforce the merger agreement,” the chairman wrote. Twitter board of directors, Bret Taylor. “We are confident that we will prevail in the Delaware Court of Chancery.” Also Read – WhatsApp Companion Mode will let you use your account on two phones at once, here’s how

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