Elon Musk tries to officially bail on Twitter purchase


Musk alleges that the company is in breach of contract. † Illustration by Kristen Radtke / The Verge; Getty Images

Elon Musk is officially trying to end his $44 billion deal to buy Twitter. In a filing Friday afternoon, Musk claimed he was withdrawing from the deal because Twitter had “materially violated” their agreement and made “false and misleading” statements during the negotiations.

Musk has been preparing to cancel the deal several weeks after the deal was signed, alleging that Twitter has released misleading statistics about the prevalence of spam bots on its platform. However, it’s completely unclear whether Musk can legally cancel his deal simply because he isn’t happy with the presence of spam on Twitter — something he could have explored before signing the deal.

To develop…


Please enter your comment!
Please enter your name here