Twitter calls Musk merger withdrawal ‘invalid and wrongful’

Twitter demanded Monday that Elon Musk complete a proposed $44 takeover of the social media company, slamming the Tesla chief’s withdrawal of his offer as “invalid and wrongful.”

“Twitter has breached none of its obligations under the Agreement,” attorneys for Twitter said in a letter to Musk’s lawyers that was included in a securities filing late Monday.

“Twitter demands that Mr. Musk and the other Musk Parties comply with their obligations under the Agreement, including their obligations to use their respective reasonable best efforts to consummate and make effective the transactions contemplated by the Agreement.”

Elon Musk, the chief executive officer of Tesla and the world’s richest person, said on Friday he was terminating his $44 billion deal to buy Twitter because the social media company had breached multiple provisions of the merger agreement.

Twitter’s chairman, Bret Taylor, said on the micro-blogging platform that the board planned to pursue legal action to enforce the merger agreement.

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