It’s finally over —Elon Musk will not be buying Twitter.

According to a report from The New York Post, world’s richest man Elon Musk has terminated his deal with Twitter, claiming the Blue Bird is in breach of contract; Twitter shares fell 6% on the news.

Ultimately, Musk felt that Twitter had been dishonest about the number of fake accounts; he says Twitter made “false and misleading representations” when they entered the deal.

Musk provided more details in a letter to Twitter on Friday, saying he wants out of the deal “because Twitter is in material breach of multiple provisions of that Agreement, appears to have made false and misleading representations upon which Mr. Musk relied when entering into the Merger Agreement, and is likely to suffer a Company Material Adverse Effect (as that term is defined in the Merger Agreement).”

But it sounds like Twitter will attempt to keep Musk on the hook.

“The Twitter Board is committed to closing the transaction on the price and terms agreed upon with Mr. Musk and plans to pursue legal action to encore the merger agreement. We are confident we will prevail in the Delaware Court of Chancery,” Bret Taylor, chair of Twitter’s board tweeted Friday.

This story is developing.

Read more over at The New York Post:

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