Deals
Musk Says Twitter Played ‘Hide-and-Seek’ as He Sought Info
- Twitter misled on user base to distort its value, Musk says
- Twitter says idea that Musk was hoodwinked is ‘implausible’
Twitter headquarters in San Francisco, California.
Photographer: David Paul Morris/BloombergThis article is for subscribers only.
Elon Musk said Twitter Inc. misrepresented the size of its user base to distort its value and then “played a months-long game of hide-and-seek” as he sought more information to complete the $44 billion purchase of the company.
Musk’s arguments for abandoning the deal were revealed in counterclaims filed under seal in a Delaware court last week. Twitter misled investors and the US Securities and Exchange Commission, Musk says, and the company was “frantically closing the gates on information in a desperate bid to prevent the Musk Parties from uncovering its fraud,” according to the filing reviewed by Bloomberg.