Elon Musk terminating $44 billion deal to buy Twitter

Elon Musk is terminating his $44 billion deal to buy Twitter, according to a new Securities and Exchange Commission filing 

Mr. Musk has sought the data and information necessary to 'make an independent assessment of the prevalence of fake or spam accounts on Twitter's platform 

Fake accounts have become a sticking point in Musk's rollercoaster bid to acquire the social media platform 

In the filing on Friday, Musk's attorney claimed that Twitter "is in material breach of multiple provisions of that agreement 

appears to have made "false and misleading representations" when entering into the agreement. 

Twitter Chairman Bret Taylor responded Friday that the board is still committed to the terms of the agreement. 

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