Media: Elon Musk canceled the deal to buy Twitter

Reuters reported that Elon Musk called off the deal to acquire Twitter due to "material violations of several provisions of the agreement."

Elon Musk's lawyers said Twitter has refused to respond to multiple requests for information about fake and spam accounts on the platform. This information has an impact on the conduct of the company's business.

The transaction amount was $44 billion. After the deal was canceled, Twitter shares have already managed to sink by 10%.