Elon Musk threatens to walk away from Twitter deal
Elon Musk has threatened to walk away from his $44bn takeover of Twitter, accusing the social media company of "thwarting" his requests to learn more about its user base. The letter formalises a dispute that has simmered for weeks after Mr Musk declared the deal "on hold" pending further information.
The dispute has raised more doubts about the future of the takeover, which Twitter's board approved in April. Twitter, which has said Mr Musk waived typical rights to due diligence in his eagerness to clinch the deal, added that it intended to complete the takeover at the agreed price and terms. Mr Musk, who faces a $1bn break-up fee and possible lawsuit if he opts out, first raised the issue of the spam accounts on social media last month, saying the deal was on hold but he remained committed to the acquisition.
Source
@Twitter_Instagram_Tiktok
