<p>Dismissing Tesla CEO Elon Musk's claims by calling them "implausible and contrary to fact" in a Delaware court filing, Twitter Inc denied that he was hoodwinked into signing the deal to buy the social media company.</p>

<p>Highlighting his faith in Twitter's potential as a global platform for free speech, Musk offered to buy the company for $54.20 per share in April.</p>

<p>Citing Twitter's failure to provide details on bot and spam accounts, Musk sought to back out on July 8 without paying a $1 billion breakup fee.</p>

<p>In the major legal showdown between the world's richest person and the social media giant, the San Francisco-based company is pushing to resolve months of uncertainty.</p>

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<p>The filing released by Twitter on Thursday said "According to Musk, he — the billionaire founder of multiple companies, advised by Wall Street bankers and lawyers — was hoodwinked by Twitter into signing a $44 billion merger agreement. That story is as implausible and contrary to the fact as it sounds."</p>

<p>While Musk accused Twitter of misrepresentation in fake accounts, the company hit back at the billionaire by saying he sabotaged the deal because it no longer served his interests.</p>

<p>Complaining that they needed more time to review and potentially redact Musk’s sealed filing, Twitter attorneys have said that they have provided ample data to Musk.</p>

<p>In tit-for-tat moves, both Twitter and Musk issued dozens of subpoenas to win the trial scheduled for October 17.</p>

<p>Not only Twitter's future but also billions of dollars are at stake in the trial that will be monitored closely by the social media giant's 238 million users.</p>

<p>If the other party is found responsible for the agreement failing, either Musk or Twitter would be entitled to a $1 billion breakup fee.</p>

<p><em>(With inputs from agencies)</em></p>

<p><strong>Watch WION's live TV here:</strong></p>

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Dismissing Tesla CEO Elon Musk's claims by calling them "implausible and contrary to fact" in a Delaware court filing, Twitter Inc denied that he was hoodwinked into signing the deal to buy the social media company.

Dismissing Tesla CEO Elon Musk's claims by calling them "implausible and contrary to fact" in a Delaware court filing, Twitter Inc denied that he was hoodwinked into signing the deal to buy the social media company. Highlighting his faith in Twitter's potential as a global platform for free speech, Musk offered to buy the company for $54.20 per share in April. Citing Twitter's failure to provide details on bot and spam accounts, Musk sought to back out on July 8 without paying a $1 billion breakup fee. In the major legal showdown between the world's richest person and the social media giant, the San Francisco-based company is pushing to resolve months of uncertainty. × The filing released by Twitter on Thursday said "According to Musk, he — the billionaire founder of multiple companies, advised by Wall Street bankers and lawyers — was hoodwinked by Twitter into signing a $44 billion merger agreement. That story is as implausible and contrary to the fact as it sounds." While Musk accused Twitter of misrepresentation in fake accounts, the company hit back at the billionaire by saying he sabotaged the deal because it no longer served his interests. Complaining that they needed more time to review and potentially redact Musk’s sealed filing, Twitter attorneys have said that they have provided ample data to Musk. In tit-for-tat moves, both Twitter and Musk issued dozens of subpoenas to win the trial scheduled for October 17. Not only Twitter's future but also billions of dollars are at stake in the trial that will be monitored closely by the social media giant's 238 million users. If the other party is found responsible for the agreement failing, either Musk or Twitter would be entitled to a $1 billion breakup fee. (With inputs from agencies) Watch WION's live TV here: ×

'Implausible and contrary to fact': Twitter dismisses Musk's claims that he was hoodwinked

<p>Tesla CEO Elon Musk's Twitter countersuit will be made public by the afternoon of Friday (August 5) as per a ruling by presiding judge Chancellor Kathleen McCormick.</p>

<p>Accusing Musk of trying to release his 163-page countersuit on Wednesday without giving it a chance to redact, Twitter’s legal team on Monday asked for information about a host of entrepreneurs and tech investors connected to Musk in a wide-ranging subpoena.</p>

<p>Saying that Twitter is undermining the public's First Amendment constitutional right to know what both sides are arguing about, Musk accused it of trying to bury "the side of the story it does not want publicly disclosed".</p>

<p>While Musk said three business days were enough to work on redactions, Twitter pointed out that court rules allowed it five business days to do so.</p>

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<p dir="ltr" lang="en">Interaction with almost all twitter accounts seem to be much lower in recent weeks &amp; days. Accurate?</p>
— Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1553377779810459648?ref_src=twsrc%5Etfw">July 30, 2022</a></blockquote>
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<p>Citing Twitter's failure to provide details about the prevalence of bot and spam accounts, Musk backed off from his $44 billion offer to acquire the social media company on July 8.</p>

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<p>Accusing him of sabotaging the merger because it no longer served his interests, and demanding he complete the merger, Twitter sued him four days later.</p>

<p>Arguing that Musk is contriving excuses to back out of the contract, Twitter has stuck by its estimates regarding accounts run by software "bots" rather than people.</p>

<p>The San Francisco-based company and Musk had agreed to pay each other a $1 billion breakup fee if either was responsible for the deal collapsing.</p>

<p>Setting a vote on the merger for September 13, the social media platform has urged shareholders to endorse the deal as not only billions of dollars but also its future are&nbsp;at stake.</p>

<p><em>(With inputs from agencies)</em></p>

<p><strong>Watch WION's live TV here:</strong></p>

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Tesla CEO Elon Musk's Twitter countersuit will be made public by the afternoon of Friday (August 5) as per a ruling by presiding judge Chancellor Kathleen McCormick.

Tesla CEO Elon Musk's Twitter countersuit will be made public by the afternoon of Friday (August 5) as per a ruling by presiding judge Chancellor Kathleen McCormick. Accusing Musk of trying to release his 163-page countersuit on Wednesday without giving it a chance to redact, Twitter’s legal team on Monday asked for information about a host of entrepreneurs and tech investors connected to Musk in a wide-ranging subpoena. Saying that Twitter is undermining the public's First Amendment constitutional right to know what both sides are arguing about, Musk accused it of trying to bury "the side of the story it does not want publicly disclosed". While Musk said three business days were enough to work on redactions, Twitter pointed out that court rules allowed it five business days to do so. Interaction with almost all twitter accounts seem to be much lower in recent weeks & days. Accurate? — Elon Musk (@elonmusk) July 30, 2022 × Citing Twitter's failure to provide details about the prevalence of bot and spam accounts, Musk backed off from his $44 billion offer to acquire the social media company on July 8. × Accusing him of sabotaging the merger because it no longer served his interests, and demanding he complete the merger, Twitter sued him four days later. Arguing that Musk is contriving excuses to back out of the contract, Twitter has stuck by its estimates regarding accounts run by software "bots" rather than people. The San Francisco-based company and Musk had agreed to pay each other a $1 billion breakup fee if either was responsible for the deal collapsing. Setting a vote on the merger for September 13, the social media platform has urged shareholders to endorse the deal as not only billions of dollars but also its future are at stake. (With inputs from agencies) Watch WION's live TV here: ×

Delaware Chancery Court rules Musk's Twitter countersuit to be made public by Friday

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'Implausible and contrary to fact': Twitter dismisses Musk's claims that he was hoodwinked

Delaware Chancery Court rules Musk's Twitter countersuit to be made public by Friday