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Musk Terminates Twitter Deal, Accuses Company of Trying to Fool Him with ‘False and Misleading Representations’

 

Elon Musk says he has abandoned his deal to buy Twitter.

Musk announced in April that he wanted to buy the social media platform. The company first ran from Musk’s embrace but has since supported the deal.

In mid-May, Musk said the deal was on hold pending an effort to determine how many fake accounts Twitter has. Twitter says about 5 percent of its accounts are bots. Musk estimates the figure is much higher. At the time, commentators suggested the tactic might have been part of a plan to lower the $44 billion purchase price or the first step toward Musk backing out of the deal…

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