However, the billionaire seemed hesitant the following month, and in July he sent a letter to Twitter terminating the deal, claiming that the social media platform had withheld or distorted data on the number of bots accounts on the platform.
Within days, Twitter sued Musk, accusing him of “refusing to honor his obligations.” Musk countersued later in July, alleging that Twitter intentionally miscounted the number of spam accounts as part of what he called “its scheme to mislead investors about the company’s prospects.”
After months of Musk trying to abandon the deal, Musk’s lawyers sent Twitter a letter renewing the original offer at $54.20 a share on October 4.
