Twitter's legal team calls Elon Musk's attempt to exit acquisition deal 'invalid and wrongful'
CNN
Elon Musk wants to cancel his deal to buy Twitter, but the social media company is having none of it.
On Friday, Musk moved to terminate the $44-billion acquisition agreement, alleging that Twitter breached the deal by failing to hand over data he says he needs to evaluate the number of bots and spam accounts on the platform. Twitter's legal representatives hit back in a letter to Musk's lawyers Sunday, calling the billionaire's claims "invalid" and demanding that Musk follow through with the takeover.
"Mr. Musk's and the other Musk Parties' purported termination is invalid and wrongful, and it constitutes a repudiation of their obligations under the Agreement," reads the letter, which was signed William Savit, a lawyer at Wachtell, Rosen, Lipton and Katz, which is representing Twitter in the dispute. The letter was disclosed in a regulatory filing Monday.
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