Tesla CEO Elon Musk pulls out of $44 billion Twitter deal, company vows legal battle

The move is the latest twist in a long-running tale that began in April when the world's wealthiest individual Elon Musk wanted to purchase Twitter.

The move is the latest twist in a long-running tale that began in April when the world's wealthiest individual Elon Musk wanted to purchase Twitter.

Bret Taylor , Twitter’s chairman tweeted, "The Twitter Board is committed to closing the transaction on the price and terms agreed upon with Mr. Musk

Musk's attorneys said in a filing that Twitter has failed or refused to reply to several requests for information on fraudulent or spam accounts on the platform, which is critical to the company's financial success.

"Twitter is in material breach of multiple provisions of that Agreement