Twitter: Elon Musk Is Making Up Reasons To Break the Deal By Twitter...

In this image, Elon Musk's Twitter account, which has more than 80 million followers, is displayed on a phone on April 25, 2022, in Chicago, Illinois. (Image courtesy of Scott Olson/Getty Images) )

The idea that Elon Musk was "hoodwinked" into signing a $44 billion buyout deal defies logic and is unsupported by the facts, according to Twitter on Thursday.

Twitter rejected Musk's counterclaims in a filing as he tries to back out of the agreement he signed in April to purchase the San Francisco-based business.

Musk claims that Twitter tricked him into signing a $44 billion acquisition agreement. Musk is a multi-billionaire founder who was counseled by Wall Street bankers and attorneys, Twitter stated.

"Such a tale is as unbelievable and untrue as it sounds,"

Last week, Musk filed a countersuit and legal arguments in response to Twitter's assertion that the billionaire is obligated by contract to complete the acquisition.

Twitter said in the petition that "the counterclaims are a made-for-litigation story that is refuted by the evidence and basic sense."

On October 17, a five-day trial will take place to address Twitter's case against Musk.

The Twitter board was courted by the Tesla CEO with a $54.20 per share offer, but he later revealed in July that they were breaking their deal because Twitter had misled him about the number of bogus and spam accounts it had counted.

Less than 5% of activity on Twitter, where shares last traded at $41.06 on Thursday, is attributed to software "bots" as opposed to actual users, according to Twitter's estimates.

Twitter informed the court that Musk's assertion that the percentage of fraudulent accounts above 10% is "untenable."

The business also challenged Elon Musk's claim that he has the authority to terminate the agreement if it is discovered that Twitter's bot count has increased.