Elon Musk asserts his right to not buy Twitter

Elon Musk has a "right not to consummate" his acquisition of Twitter and a "right to terminate the merger agreement," according to a letter from his lawyers to the Twitter general counsel Vijaya Gadde sent Monday morning.

Why it matters: While Musk has been tweeting about the deal being "on hold" for a while, this is his first formal, legal suggestion that his agreement to buy Twitter is anything other than legally watertight.

Between the lines: The letter from Musk is ostensibly about a dispute over data. Musk wants Twitter to provide him with information that will help him...