Twitter Inc. said Elon Musk’s latest move to cancel his agreement to buy the social network is invalid after the billionaire said the company’s treatment of a whistle-blower gave him another reason to walk away from the $44 billion deal.
Musk’s latest move to terminate the deal is “invalid and wrongful” and “Twitter has breached none of its representations or obligations,” the company’s lawyers said in a letter on Monday, according to a regulatory filing.
Twitter shares dropped 0.7% during premarket trading in New York.
