Elon Musk: Twitter won’t ‘take yes for an answer’

Billionaire Elon Musk has said he aims to complete his purchase of Twitter by the end of the month, but the company “will not take yes for an answer”.

In a court filing, he said the social media platform had raised concerns about the “theoretical possibility of a future failure to obtain debt financing” to pay for the deal.

Twitter said it did not trust that the offer would come through.

Twitter sued Mr Musk in July after he tried to back out of buying the firm.

Mr Musk asked the court to put that legal fight on hold.

Mr Musk said litigation was no longer necessary, after he said in a surprise move this week that he was prepared to go forward with the original takeover plan, pending receipt of the financing and an end to the legal battle.

“Yet, Twitter will not take yes for an answer. Astonishingly they have insisted on proceeding with this litigation, recklessly putting the deal at risk and gambling with their stockholders interests.”

It said it did not trust Mr Musk’s promises, noting that one bank helping to finance the deal had testified this week that it had not received any notice from Mr Musk about plans to move forward.