According to the April contract, he was to pay $ 44 billion for the purchase of Twitter. According to the businessman, however, the company did not provide exhaustive information on how much of the accounts on the platform are served by bots. It is possible that the case will end in, because Twitter wants to complete the transaction as originally planned.
Elon Musk will not buy Twitter because the company refused to give him full information about bots
In a letter to Twitter, Elon Musk’s lawyers wrote that there had been a breach of the terms of the sale agreement concluded in April this year. According to them, many times he either did not want to or was unable to exhaustively answer the questions about the real number of accounts maintained by bots. According to the lawyers, full knowledge on this subject is crucial for the company’s business condition. Therefore, the authors of the magazine wrote, Elon Musk withdraws from purchasing Twitter.
More information from the world
The businessman has long demonstrated his dissatisfaction with the company’s information policy, demanding evidence that bots and fake accounts – according to Twitter – account for less than 5 percent of all users of the platform. However, he himself did not present any evidence that would undermine the credibility of the data provided by.
Twitter goes to court
Meanwhile, Twitter executive Bret Taylor announced that the company intends to complete the transaction on terms agreed in the April agreement, and is ready to go to court to enforce the deal if necessary.
“We are confident we will win the Delaware court,” declared Taylor.
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Source: Gazeta
Ricardo is a renowned author and journalist, known for his exceptional writing on top-news stories. He currently works as a writer at the 247 News Agency, where he is known for his ability to deliver breaking news and insightful analysis on the most pressing issues of the day.
