In a new SEC filing, Musk claims he has the right to terminate his deal to buy Twitter if the company refuses to hand over more data about how it counts bot and spam accounts.
Elon Musk now claims he has the right to terminate his deal to buy Twitter for $44 billion due to the company refusing to hand over more data on how it count bots and fake accounts. Musk’s lawyers made the assertion in a Monday SEC filing that alleges Twitter has been “actively resisting and thwarting his information rights” by withholding the data.
“This is a clear material breach of Twitter’s obligations under the merger agreement and Mr. Musk reserves all rights resulting therefrom, including his right not to consummate the transaction and his right to terminate the merger agreement,” his lawyers write. According to the SEC filing, Musk has been trying to obtain the data from Twitter since May 9— about two weeks after he announced plans to buy the company—so that he can “conduct his own analysis” on the number of bots and fake accounts circulating over the social media platform.
