Elon Musk Pulls Out Of $44 Billion Twitter Deal, Now Faces A Legal Threat

Here are the top 10 updates on this big story

In a regulatory filing, Elon Musk’s lawyers said Twitter had failed to respond to multiple requests for information on fake or spam accounts on the platform, which is fundamental to the company’s business performance.

Elon Musk also alleged that Twitter breached the agreement when it fired two top managers, without his consent as required by their contract.

Twitter’s chairman, Bret Taylo, said the board will pursue legal action to enforce the merger agreement. “The Twitter Board is committed to closing the transaction on the price and terms agreed upon with Mr Musk and plans to pursue legal action to enforce the merger agreement,” Mr Taylor tweeted.

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