Twitter has argued in court that Elon Musk is deliberately trying to tank the deal because market conditions have deteriorated and the acquisition no longer serves his interests.
Elon Musk alleges that Twitter committed fraud and breach of contract. The billionaire offered to buy the social media company, then tried to back out by claiming Twitter was infested with “spam bots” and fake accounts.
Musk pledged to pay $54.20 a share for Twitter in April.
"Mars may be a fixer upper of a planet, but it has great potential," SpaceX founder Elon Musk said.
Twitter said Tuesday it has sued Elon Musk to force him to complete the $44-billion acquisition of the social media company.
The sell-off in Twitter shares pushed prices below $35 each after Elon Musk backed out of a deal to buy the social media company for a staggering $44 billion.
Elon Musk is calling off the $44-billion Twitter deal, accusing the company of "false and misleading representations" regarding fake accounts on the platform. But Twitter has vowed to fight.
Elon Musk acknowledged the overlapping pregnancies of two of his partners after the birth of his latest children — a set of twins.
Musk says the "Tesla Bot" will "eliminate dangerous, repetitive, boring tasks."
Twitter’s board has recommended unanimously that shareholders approve the proposed $44 billion sale of the company to billionaire and Tesla CEO Elon Musk, according to a regulatory filing Tuesday.
Elon Musk will answer questions from Twitter employees amid some workers expressing concern about his purchase of the social media company.
Elon Musk is threatening to walk away from his $44-billion bid to buy Twitter, accusing the company of refusing to give him information about its spam bot and fake accounts.
SpaceX CEO Elon Musk denied the sexual assault claim and called the story a "politically motivated hit piece."
The Tesla CEO said his deal to buy Twitter can't move forward unless the company shows public proof that less than 5% of the accounts on the platform are fake or spam.
Elon Musk said his planned $44 billion purchase of Twitter is “temporarily on hold” pending details on spam and fake accounts. He later added that he's "still committed to acquisition.”
Elon Musk said he would overturn former President Donald Trump's ban from Twitter if his purchase of the company is successful.
Tesla CEO Elon Musk, who is buying Twitter for $44 billion to take it private, has outlined a mix of vague principles and technical details as he looks to make the platform "maximum fun!"
Elon Musk, fresh off of his successful $44 billion bid to buy Twitter, used the platform to joke about a potential new takeover.
The whole dispute stems from an October 2018 agreement with the SEC that Elon Musk signed where he and Tesla each agreed to pay $20 million in civil fines over tweets about having the “funding secured” to take Tesla private.
Elon Musk's $44 billion offer to buy Twitter has been accepted by the social media platform. The announcement brings up the question, could Twitter relocate to Texas?