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Elon Musk moves to back out of $44B Twitter bid – GeekWire


Elon Musk in VAB
Elon Musk. (GeekWire File Photo / Kevin Lisota)

Elon Musk is attempting to back out of his $44 billion bid to buy Twitter, according to a filing with the Securities and Exchange Commission on Friday. Lawyers for the billionaire leader of Tesla and SpaceX said in a letter to Twitter’s chief legal officer that the social media company has failed to provide the necessary data Musk sought on fake or spam accounts on the platform. The letter states that Twitter is in “material breach” of its agreement with Musk and has made “false and misleading representations” that Musk relied on in making the agreement to purchase the company. Twitter board chair Bret Taylor tweeted that the company is committed to closing the deal and will pursue legal action against Musk if necessary to enforce the merger agreement.


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