Elon Musk threatens to scrap Twitter deal over lack of transparency



What you want to know

  • Elon Musk has threatened to pull out of his $44 billion Twitter bid if the corporate fails to supply information on its unsolicited mail bots drawback.
  • Musk desires to know the way Twitter counts the quantity of faux accounts on its platform.
  • According to his legal professionals, Twitter is “thwarting his data rights” beneath the merger settlement.

Elon Musk’s bid to achieve Twitter has just lately suffered a sequence of setbacks. The most up-to-date stumbling block comes as Musk threatens to withdraw his $44 billion merger be offering over Twitter’s refusal to supply information on its unsolicited mail bots drawback.

In a letter to Twitter’s leader felony officer, Musk’s legal professionals warned that the Tesla CEO may terminate the deal if the social media corporate fails to expose details about the way it calculates the quantity of faux accounts at the platform. The letter was once integrated in a filing with the Securities and Exchange Commission (opens in new tab) (by means of The New York Times (opens in new tab)).



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