Elon Musk UPS Provident Twitter Platform Elon Musk

Twitter says Musk is ‘conjuring’ excuse to escape takeover deal

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Twitter has rejected Elon Musk’s claims in court that he had legitimate reasons to back out of a $44bn deal to purchase the social media platform, marking the latest development in a dramatic legal showdown.In a filing made public on Thursday, Twitter called Musk’s arguments for abandoning the deal “a story, imagined in an effort to escape a merger agreement that Musk no longer found attractive once the stock market and along with it, his massive personal wealth, declined in value”.Twitter sued Musk last month to force him to complete the deal, and the company’s filing on Thursday comes in response to Musk’s own counter lawsuit, which he filed under seal last week and which is due to be made public on Friday.

The current standoff began after Musk claimed Twitter was not forthcoming about the problem with spam bots on the platform, citing it as his reason for abandoning the deal.

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