Elon Musk seeks to terminate $44 billion Twitter deal

• Musk decides to end the Twitter deal blaming the company for not providing information on fake accounts

Billionaire Elon Musk is seeking to terminate his $44 billion deal to buy Twitter Inc (NYSE: TWTR) citing the social media platform’s failure to provide information on fake accounts.

Musk, the Tesla Inc (NASDAQ: TSLA) CEO and the world’s richest man, decided to end the deal as Twitter was unable to comply “with its contractual obligations,” according to a SEC filing on Friday.

The tension between the billionaire and the media company began over fake or spam accounts on the platform.