Elon Musk withdraws $44 billion offer to buy Twitter

Elon Musk is withdrawing his $44 billion offer to buy Twitter, throwing the social media company's immediate future into doubt.

In a securities filing Friday, Musk cited several material breaches of the buyout agreement between him and Twitter, including Twitter's failure to provide information he asked for.

The mercurial Tesla founder's move to abruptly pull the plug on the deal is the latest twist in a monthslong drama that pitted the world's richest person against a globally influential internet company. The contest played out largely on Twitter itself, with each side battling for leverage by strategically releasing information on the platform.