Elon Musk pulls out of $44bn deal to buy Twitter
Mr Musk said he had backed out because Twitter failed to provide enough information on the number of spam and fake accounts.
Twitter says it plans to pursue legal action to enforce the agreement.
" Twitter chairman Bret Taylor wrote in a tweet, setting up a potentially long and protracted legal battle between the two sides.
Mr Musk said the deal was "temporarily on hold" as he was awaiting data on the number of fake and spam accounts on Twitter.
He has long criticised Twitter's ban of some accounts, like that of former US President Donald Trump.
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