Lawyers for Twitter told a Delaware, US, judge that the world’s richest man failed to honour his agreement to pay $54.20 a share for the San Francisco-based social media platform.
Musk backed out of the deal to buy the platform on July 8, saying in a regulatory filing that the company has made “misleading representations” over the number of so-called spambots on the service. Twitter hadn’t “complied with its contractual obligations” to provide information about how to assess how prevalent the bots are on the social media service”, Musk said in a letter to Twitter that was included in the regulatory filing.
“The company has not received parent’s consent for changes in the conduct of its business, including for the specific changes listed above,” Musk said in the letter, calling it a “material breach” of the merger agreement.
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