Beijing time on June 6 news, billionaire Elon Musk warned in a letter to Twitter,Twitter may walk away from $44 billion takeover if it fails to provide data on spam and fake accounts.
The letter said Twitter had “obviously and materially breached” its obligations,Musk reserves all rights to terminate merger agreement. In early March, Musk said he would “put on hold” the deal pending the social media company’s data on the proportion of its fake accounts.
“Musk believes that,Twitter apparently refuses to comply with its obligations under merger agreement, which casts doubt on the company’s refusal to disclose it out of concern that Musk will find out when analyzing the data. “
“Musk believes that Twitter is obstructing his right to information,” Musk’s lawyers said in the letter.
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