Elon Musk threatens to end $44 billion Twitter deal over spam bot accounts

Lawyers for the Tesla and SpaceX CEO made the threat in a letter to Twitter dated Monday (June 6) that the social platform included in a filing with the Securities and Exchange Commission.

Musk, Twitter deal off
Elon Musk believes Twitter is resisting and thwarting his information rights under the April merger agreement.

World’s richest person Elon Musk is threatening to end his $44 billion agreement to buy Twitter, accusing the company of refusing to give him information about its spam bot accounts.

Lawyers for the Tesla and SpaceX CEO made the threat in a letter to Twitter dated Monday (June 6) that the social platform included in a filing with the US Securities and Exchange Commission.

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

Also read: Twitter says waiting period for Elon Musk’s $44 billion deal has expired

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A message was left early Monday seeking comment from Twitter.

The lawyers say in the letter that Twitter has offered only to provide details about the company’s testing methods. But they contend that’s tantamount to refusing Musk’s data requests. Musk wants data so he can do his own verification of what he says are Twitter’s lax methodologies.

Also read: Musk accused of sexual misconduct with SpaceX-employed flight attendant: Report

The lawyers say that based on Twitter’s latest correspondence, Musk believes the company is resisting and thwarting his information rights under the April merger agreement.

Also read: Explained: Twitter’s good, bad bots and Elon Musk’s demand for ‘proof’

This is a clear material breach of Twitter’s obligations under the merger agreement and Musk reserves all rights resulting therefrom, including his right not to consummate the transaction and his right to terminate the merger agreement, the letter says. (AP)

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