Elon Musk threatens to withdraw from the deal with Twitter due to a lack of information about spam accounts
Twitter says it will continue to share news with Musk; Texas launches investigation into Twitter accounts for fake bot accounts. Elon Musk has threatened to jeopardize his deal to buy Twitter Inc. TWTR -1.49% in a let...
Updated: 48 months ago1 min read
This is a clear material breaking of Twitter's obligations go the Merger Agreement
Twitter says it will continue to share news with Musk; Texas launches investigation into Twitter accounts for fake bot accounts.
Elon Musk has threatened to jeopardize his deal to buy Twitter Inc. TWTR -1.49% in a letter accusing the company of its request for data on the number of spam and fake accounts on social media platforms.
Musk said Twitter had refused to provide the data it needed to allow its assessment of the amount of spam and fake accounts. In April, Twitter accepted a $44 billion offer from Musk to take over the company and go private.
In a letter to Twitter's chief legal officer Vijaya Gade, released in a regulatory document Monday, Musk's attorney, Mike Ringler, said Musk was entitled to the information requested to help fund the deal. "This is a clear material breaking of Twitter's obligations go the Merger Agreement.
Mr. Musk reserves all rights arising from that place, including his right not to use the Transaction and to terminate the Merger Agreement," he wrote. wrestler. "This is a clear material breaking of Twitter's obligations go the Merger Agreement. Mr. Musk reserves all rights arising from that place, including his right not to participate in the Transaction and to terminate the Merger Agreement," Mr. Ringler wrote.

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