Elon Musk pulls out of $44 billion Twitter deal, sets stage for legal battle

Elon Musk has finally revealed that he won’t acquire Twitter, after all. Why? The bot accounts have seemingly turned out to be a deal breaker in the mega buyout proposal, which has been keenly watched in the world of technology over the last few months.

While speculation was rife that the tech billionaire was considering walking away from the acquisition plan, Twitter has now said it would take the world’s richest person to court. “The Twitter Board is committed to closing the transaction on the price and terms agreed upon with Mr. Musk and plans to pursue legal action to enforce the merger agreement. We are confident we will prevail in the Delaware Court of Chancery,” Twitter chairman Bret Taylor said shortly after the big announcement.