Elon Musk terminates Twitter deal, platform responds | LiveNOW from FOX

Elon Musk has informed Twitter that he's terminating a deal to buy the social media giant. A law firm representing the Tesla CEO sent a letter to Twitter, alleging that they appear "to have made false and misleading representations" when Musk agreed to buy the company on April 25 and have "breached" multiple provisions of the initial agreement. Twitter board of directors Chairman Bret Taylor responded to the letter, stating that it plans to pursue legal action to enforce the merger agreement between Musk. "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," Taylor said.

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