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Twitter offices in San Francisco.
Twitter Inc.
TWTR 0.15%
filed a response to Elon Musk’s counterattack, providing a look at the billionaire’s case for walking away from his $44 billion buyout.
Mr. Musk’s counterclaims were filed confidentially on July 29 and are not yet available to the public. They were placed under seal pending the company’s review of possible changes to sensitive information.
Twitter chairman Brett Taylor said in a tweet on Thursday that Mr Musk’s claims “are factually inaccurate, legally insufficient and commercially irrelevant”. He linked to Twitter’s 127-page response to Mr. Musk’s counterclaims and said the company was looking forward to the trial in Delaware District Court, which is scheduled for Oct. 17.
Twitter said in its response that Mr. Musk’s claim that he was “hoodwinked” into signing a $44 billion merger deal is implausible and that he does not have the right to back out of the merger deal based on his concerns about the number of bots . on the platforms.
More to come
Write to Cara Lombardo at cara.lombardo@wsj.com
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