Elon Musk threatens to walk away from Twitter deal

Elon Musk threatens to end his $44 billion deal to buy Twitter, accusing the company of refusing to give him information about his spambot accounts. Attorneys for the CEO of Tesla and SpaceX expressed the threat in a letter to Twitter Monday that the social platform had included in a filing with the Securities and Exchange Commission.

The letter states that Musk has repeatedly requested information since May 9, about a month after his offer to buy the company, so he could assess how many of the company’s 229 million accounts are fake.

A message was left early Monday asking for comment from Twitter.

The lawyers say in the letter that Twitter has only offered to provide details about the company’s testing methods. But they argue that this “is tantamount to denying Mr. Musk’s data requests.” Musk wants data so he can do his own verification of what he believes are Twitter’s lax methods.

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The attorneys say, based on Twitter’s latest correspondence, Musk believes the company is opposing its information rights under the April merger agreement.

“This is a clear material breach of Twitter’s obligations under the merger agreement and Mr. Musk reserves all rights arising therefrom, including his right not to complete the transaction and his right to terminate the merger agreement,” the statement read. letter.

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