Twitter rejects Musk’s claims that he was hoodwinked

Twitter rebuts billionaire’s lawsuit and his arguments for abandoning the takeover as legal standoff heats up

Twitter has rejected Elon Musk’s claims in court that he had legitimate reasons to back out of a $44bn deal to purchase the social media platform, marking the latest development in a dramatic legal showdown.

In a filing made public on Thursday, Twitter called Musk’s arguments for abandoning the deal “a story, imagined in an effort to escape a merger agreement that Musk no longer found attractive once the stock market and along with it, his massive personal wealth, declined in value”.

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