A filing says that the letter from Elon Musk follows one that was sent in July in case the first one is found to be invalid.
According to a filing with the U.S. Securities and Exchange Commission on Tuesday, Elon Musk, the CEO of Tesla (TSLA), sent a second letter to cancel his $44 billion purchase of Twitter (TWTR).
The letter follows one sent in July that said the information given by the social media giant was false and misleading.
Musk made an offer to buy Twitter in April, but he put that plan on hold the next month because he was worried about the number of spam or fake accounts on Twitter. Last month, he gave up on the plan, saying that the information that the social media giant gave him was false and misleading. Twitter’s board, on the other hand, said it was sure the deal would go through and was ready to go to court to make sure it did.
“This additional termination notice is being sent in case the July 8 Termination Notice is found to be invalid for any reason,” the filing says about the new letter.
It says that the letter is not required by law to end the agreement and that the reasons it gives are in addition to, not in place of, those in the July 8 letter.
“…Twitter has questioned the legality of the July 8 termination notice and says that the merger agreement is still in effect. The Musk Parties disagree with this position,” the letter said.
As of the time this was written, Twitter shares were down 1.07% to 39.61.
