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Elon Musk Moves to Terminate $44 Billion Twitter Acquisition

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By Martin Baccardax,Tom Bemis Musk claims in SEC filing that Twitter failed to honor agreement to provide information on fake and spam accounts. Elon Musk filed notice with the Securities and Exchange Commission late Friday seeking to terminate his $44 billion acquisition of Twitter (TWTR) – Get Twitter Inc. Report. Musk said in the filing that Twitter had failed to provide information on the number of fake or spam accounts on the site despite repeated requests. “Mr. Musk is terminating the Merger Agreement because Twitter is in material breach of multiple provisions of that Agreement,” accord…

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