Twitter will sue Elon Musk for calling off his $44 billion takeover

Elon Musk regrets his agreement to buy Twitter for $44 billion. And now, he’s officially trying to get out of the deal.

In a letter to Twitter (pdf) on July 8, filed with the US Securities and Exchange Commission (SEC), Musk’s lawyers said that Musk is terminating the takeover agreement with Twitter because, they allege, Twitter made “false and misleading” statements about its user data.

Musk, who agreed to buy Twitter on April 25, has since expressed concern with what percentage of Twitter’s monetizable daily active users (mDAU), a metric reported quarterly to the SEC, are non-human—whether bots, automated, or spam accounts.