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Elon Musk backs away from Twitter deal, says company failed to provide information about fake account


Elon Musk, the owner of Tesla and the world’s richest man, has completed a $44 billion deal to buy Twitter. He says the social media company failed to give information about the fake account. Let’s tell you that Musk offered $54.20 per share in April.

Elon Musk’s lawyers said Twitter failed to provide information about fake accounts or spam despite multiple requests. Understand that he refused to answer.

Elon Musk’s representatives said, “Twitter is materially in violation of several terms of that agreement. It appears that it provided false and misleading information that prompted Elon Musk to go ahead with the deal.”

Twitter CEO Brett Taylor said the board plans to take legal action to enforce the merger agreement.

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