Elon Musk’s attempts to back out of his $44 billion buyout of the social media behemoth have been criticized by Twitter, which claims that his arguments are “invalid and unjust.”
The Tesla billionaire has declared he wants to break the agreement he made in late April since the platform’s operator apparently grossly underestimated the number of bot accounts that are present there.
According to the business’s attorneys Wachtell, Lipton, Rosen & Katz, “Mr. Musk’s and the other Musk Parties’ putative termination is illegal and unjust, and it constitutes a repudiation of their responsibilities under the Agreement [to buy the company],” in response to Musk’s accusations.
Twitter adhered to their end of the bargain, according to a letter issued to the Securities and Exchange Commission on Sunday, and “has not suffered and is not likely to suffer a Company Material Adverse Effect.”
Musk has often stated…