After Elon Muskโ€™s team informed the SEC that theyโ€™re canceling the acquisition deal, Twitter lawyers countered today with a notice that Musk canโ€™t do so.

Calling this pull-out invalid and wrongful, Twitter stated that Musk is willfully trying to exit from the deal, resulting in a material breach. Also, they denied refusing to share any important information asked by Muskโ€™s team, especially the spam bot count.

Twitter Hits Back at Elon Musk

Last Friday, Elon Muskโ€™s team shared theyโ€™re dumping the Twitter acquisition deal worth $44 billion, citing a material breach by the social media company. They blamed Twitter failed to disclose the number of actual spam bots count, even after being repeatedly asked by Musk.

Though Twitter once claimed that the estimate would be less than 5%, Musk and his team constantly struck it off saying itโ€™s around 20%, without any sources. Since neither of them isnโ€™t settling on this issue, Musk intended to drop the deal finally.

And this quickly attracted counters from Twitter, where its chairperson said theyโ€™ll sue Musk for this. And theyโ€™re doing so! In a new SEC filing made this week, Twitter stated that Muskโ€™s actions are โ€œinvalid and wrongfulโ€œ.

Further, they blamed Musk and his lawyers for previously accusing them of making โ€œfalse and misleadingโ€ statements on the number of bot counts, without any evidence. Thus, denying that it wasnโ€™t supportive as per the agreement, Twitter slashes that Musk โ€œknowingly, intentionally, willfully, and materially breached the Agreement.โ€

Twitter has already lost billions of dollars in share value since the beginning of this acquisition plan. And itโ€™s blaming Elon Musk for playing with the companyโ€™s status. Thus, itโ€™s taking this deal seriously, and appointed a law firm specializing in corporate mergers, to hold Musk on to the deal anyway.

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