Twitter on Thursday dismissed Elon Musk’s claims that he was duped into signing the deal to buy the social media company, calling them implausible and false.
Elon Musk stated that if Twitter Inc. could provide its method of sampling 100 accounts and how it confirmed that the accounts are genuine, his $44 billion acquisition of the company should proceed on the original terms.
“If Twitter simply provides their method for sampling 100 accounts and confirming their authenticity, the deal should proceed on the original terms. However, if it is discovered that their SEC filings are materially false, this should not be the case “Musk tweeted on August 6th.
On Thursday, Twitter dismissed Musk’s claims that he was duped into signing the deal to buy the social media company, calling them “implausible and contrary to fact.”
Musk claimed that Twitter inflated its user base to distort its value and then “played a months-long game of hide-and-seek.” “as he sought additional information in order to complete the $44 billion acquisition of the company
Twitter responded in Delaware Chancery Court on Thursday, calling Musk’s reasoning “a story, imagined in an effort to escape a merger agreement that Musk no longer found appealing.””
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“The counterclaims are a made-for-litigation story contradicted by evidence and common sense.” “According to Twitter’s response. “Musk invents representations that Twitter never made and then tries to selectively use the extensive confidential data that Twitter provided him to conjure a breach of those alleged representations.””
Musk made the claims in a sealed countersuit filed last Friday that was made public on Thursday.