Image source, Getty Images Elon Musk is lookingfor to end his $44bn (£36bn) quote to buy Twitter, declaring several breaches of the contract. The statement is the mostcurrent twist in a long-running legend after the world’s wealthiest individual chose to buy Twitter in April. Mr Musk stated he had backed out since Twitter stoppedworking to offer enough info on the number of spam and phony accounts. Twitter states it prepares to pursue legal action to implement the arrangement. “The Twitter Board is devoted to closing the deal on the rate and terms concurred upon with Mr. Musk,” Twitter chairman Bret Taylor composed in a tweet, setting up a possibly long and drawn-out legal fight inbetween the 2 sides. The initial merger contract consistsof a $1bn (£830m) separation charge. Row over phony accounts In May, Mr Musk stated the offer was “temporarily on hold” as he was waitingfor information on the number of phony and spam accounts on Twitter. The billionaire entrepreneur had asked for proof to back the business’s assertion that spam and bot accounts make up less than 5% of its overall users. In a letter submitted with the US Securities and Exchange Commission, Mr Musk’s attorney stated Twitter had stoppedworking or declined to supply this info. “Sometimes Twitter hasactually overlooked Mr. Musk’s demands, some
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