In a letter sent to Twitter this morning, Elon Musk has accused Twitter of resisting and thwarting his information rights. Citing breach of contract, Elon Musk has threatened to pull out of the deal.
In a letter sent out to Twitter this morning, Elon Musk’s legal team has accused Twitter of resisting and thwarting Musk’s information rights, owing to which the Twitter deal may not be materialized after all. A couple of months ago, Twitter agreed to sell itself to Elon Musk for $44 billion or $54.20 per share in cash. However, a month after the acquisition, Musk put the Twitter deal on hold, citing his disagreements with Twitter’s claim that less than 5% of the users are bot/fake accounts. According to the letter, Musk has repeatedly requested Twitter to provide information on spam and fake accounts since May 9, 2022.
