The Tesla boss reserves the right “not to consummate the transaction and his right to terminate the merger agreement”, is it written in a letter addressed to the chief legal officer of Twitter.
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Elon Musk asserts, in a stock exchange document published Monday, June 6, that Twitter “actively resist” to its requests for information about spam and fake accounts, which it considers a clear breach of the social network’s obligations under its takeover offer.
“Elon Musk reserves all resulting rights, including his right not to consummate the transaction and his right to terminate the merger agreement,” is it written in a letter addressed to the legal manager of Twitter published on the site of the American Authority of the financial markets (SEC).
After filing an offer to buy the social network for $ 44 billion in April, the multi-billionaire boss of Tesla has repeatedly questioned the data transmitted by Twitter on spam and fake accounts and the measures taken to limit the proliferation. According to Twitter, these account for less than 5% of registered accounts.