Fox Business recaps how Twitter and Musk entered a legal battle over the billionaire's $44 billion deal for the social media giant and what lies ahead.
, Twitter's lawyers said Musk and his team's "purported termination" of the deal is "invalid and wrongful" and constitutes a "repudiation of their obligations under the agreement."
The company said it would continue to provide information reasonably requested by Musk under the agreement and take all measures required to close the transaction. The complaint accuses Musk of refusing "to honor his obligations to Twitter and its stockholders because the deal he signed no longer serves his personal interests."
"Most of Mr. Musk's offered reasons that he should be able to walk because Twitter misbehaved seem pretty pretextual, at least if one believes the ways they are put into the complaint," Talley says. "Moreover, he has yet to come forward with any convincing case that the bot account problem should overturn his obligation to close the deal.
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