Twitter still thinks the $44 bn Musk deal is not terminated

Despite Tesla CEO Elon Musk declaring that he has terminated the $44 billion Twitter deal, the micro-blogging platform’s position continues to be “the agreement is not terminated.”

Twitter lawyers from Wachtell, Lipton, Rosen & Katz law firms are preparing for a long-drawn court battle after Musk filed paperwork with the US Securities and Exchange Commission (SEC) to exit the acquisition deal.

Twitter has now filed a letter with the SEC, saying Musk’s termination attempt is invalid because “Mr. Musk and the other Musk Parties have knowingly, intentionally, willfully, and materially breached the Agreement,” The Verge reported late on Monday.