Elon Musk is calling off a $44 billion deal to buy Twitter Inc. , according to a Friday filing with the Securities and Exchange Commission .
The decision comes after Mr. Musk sought information from Twitter for months about how the social media company calculates spam and fake accounts. Mr. Musk's attorney, Mike Ringler of Skadden, Arps, Slate, Meagher & Flom LLP , said in a letter filed with the SEC that Twitter still has not provided the requested information.
Mr. Ringler also said that Twitter is in material breach of multiple provisions of the merger agreement and that it appears to have made false and misleading representations.
"Sometimes Twitter has ignored Mr. Musk's requests, sometimes it has rejected them for reasons that appear to be unjustified, and sometimes it has claimed to comply while giving Mr. Musk incomplete or unusable information," Mr. Ringler said in the letter.
Twitter accepted Mr. Musk's bid to take over the company and go private in April through a deal worth $44 billion .