San Francisco Twitter is setting the stage for a legal battle with tech billionaire Elon Musk over his attempt to cancel the takeover of the online service. Twitter’s lawyers said in a letter to Musk’s legal representative that his termination of the deal was “invalid and unlawful” from the company’s point of view.
Contrary to Musk’s claims, Twitter did not violate the takeover agreement, according to the letter published on Monday. Musk, on the other hand, knowingly and deliberately violated the agreement with his withdrawal.
Musk announced on Friday that he was withdrawing from the agreement to buy Twitter for about $ 44 billion. To justify this, he referred to his previously unsubstantiated claims that Twitter has significantly more fake accounts than the company’s estimate of less than five percent. His lawyers argued, among other things, that Twitter had not fulfilled its obligation under the contract to provide Musk with the necessary data access to verify the figures.