Musk said he believes Twitter is violating its merger agreement by failing to respond to demands for information about spam and fake accounts.
The agitated negotiation for the purchase of Twitter by the billionaire gained a new chapter this Monday (6). Musk said he believes Twitter is violating its merger agreement by failing to respond to demands for information about spam and fake accounts.
In a letter sent to the company by a representative, it states that “Twitter, in fact, has refused to provide the information that Musk has repeatedly requested since May 9, 2022 to facilitate his evaluation of fake and spam accounts on the company’s platform.” .
And it threatens to break off the negotiation if the requested information is not made available. “This is a clear material breach of Twitter’s obligations under the merger agreement and Mr. Musk reserves all resulting rights, including his right not to consummate the transaction and his right to terminate the merger agreement.”
In May, Musk wrote that it was temporarily suspending the $44 billion transaction until the social media giant could prove that bots account for less than 5% of its users, as the company had previously stated in public documents. The executive believes in higher numbers – at least 20% of all users.