Tesla and SpaceX owner Elon Musk is seeking to end his $44bn (£36bn) bid to buy Twitter.
In a Securities and Exchange Commission (SEC) filing, the billionaire's team allege that the social media company had breached the agreement with Musk by providing “false and misleading” statements regarding the number of spam and bot accounts on the platform.
The announcement is the latest twist in a long-running saga after the world's richest person announced hit intention to buy Twitter in April 2022, only to place the deal "on hold" the following month.
However, the billionaire might still be forced to go through with the acquisition. Shortly after Musk's filing was made public, Twitter's chairman Bret Taylor publicly revealed the company's intention to pursue legal action to enforce the agreement and, last night, Bloomberg reported that Twitter had assembled a legal team with this purpose.
"The Twitter Board is committed to closing...