Live Breaking News & Updates on Nd Other Rights

HOUSTON, Texas - Twitter shot back Monday at Tesla CEO Elon Musk over his announcement late last week that he was terminating his USD44 billion deal to buy the microblogging and social networking giant. "As it has done, Twitter will continue to provide information reasonably requested by Mr. Musk under the Agreement and to diligently take all measures required to close the transaction," said Twitter attorney William Savitt in a letter to Musk's legal team. Twitter's letter comes in the wake of Musk backing out of the deal late last Friday with multiple reasons, including that Twitter allegedly undercounts the number of spam accounts on its service. "Twitter has breached none of its obligations under the Agreement, and Twitter has not suffered and is not likely to suffer a company material adverse effect," Savitt added, reiterating that Musk's move to end the deal was "invalid and wrongful." "Twitter reserves all contractual, legal, and oth ....

United States , William Savitt , Bret Taylor , Elon Musk , Musk Partie , Exas Twitter Shot Back Monday At Tesla Ceo Elon Musk Over His Announcement Late Last Week That He Was Terminating Usd44 Billion Deal To Buy The Microblogging And Social Networking Giant Quot As It Has Done , Witter Will Continue To Provide Information Reasonably Requested By Mr Musk Under The Agreement And Diligently Take All Measures Required Close Transaction , Uot Said Twitter Attorney William Savitt Ina Letter To Musk 39s Legal Team Comes In The Wake Of Backing Out Deal Late Last Friday With Multiple Reasons , Ncluding That Twitter Allegedly Undercounts The Number Of Spam Accounts On Its Service Quot Has Breached None Obligations Under Agreement , Nd Twitter Has Not Suffered And Is Likely To Suffera Company Material Adverse Effect , Uot Savitt Added , Eiterating That Musk 39s Move To End The Deal Was Quot Invalid And Wrongful Twitter Reserves All Contractual , Nd Other Rights , Ncluding Its Right To Specifically Enforce The Musk Parties 39 Obligations Under Agreement , Uot The Letter Continued Musk Agreed To Buy Twitter For Usd54 20 Per Share In An Unsolicited Deal Struck Late April Billionaire Alleged His Friday Termination That Misrepresented User Data , Laiming The Number Of Spam Bots On Social Media Platform Is Much Higher Than Company Has Disclosed Twitter Dismissed That Claim , Tating That The Number Of Bots Was Well Under 5 Percent Its Total Daily Active Users Twitter Chairman Bret Taylor Tweeted Friday Company Quot Plans To Pursue Legal Action Enforce Merger Agreement No Lawsuit Has Yet Been Filed By Either Side Shares Fell 11 Usd32 65 At Monday 39s Market Close Anadolu ,