Twitter sues Elon Musk over his attempt to back out of $44 billion deal

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Twitter has sued Elon Musk in an effort to force him to follow through with his deal to buy the social media company.

The lawsuit, filed in the Delaware Court of Chancery on Tuesday, comes after Musk said in a letter to Twitter’s top lawyer late Friday that he wants to terminate the blockbuster $44 billion acquisition agreement.

Musk’s lawyer alleged in Friday’s letter that Twitter is in material breach of multiple provisions of the deal, claiming the company has withheld data Musk requested in order to evaluate the number of bots and spam accounts on the platform.

Twitter’s legal team hit back in a letter on Monday, calling Musk’s attempted termination invalid and wrongful, claiming that Musk himself had violated the agreement and demanding that he follow through with the deal.

In the complaint filed Tuesday, Twitter’s lawyers say they are seeking to prevent Musk from further breaches of the agreement, and to compel consummation of the merger upon satisfaction of the few outstanding conditions.

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