Musk Will Kill Twitter Deal If Data Is Not Provided

The crippling fact that the fate of the nation hangs one one man to save us is grim. Musk or Trump (as if the elections are clean). We were never a nation whose fate hung on one man. We were legion…..

It portends the worst.

Musk Threatens to Drop $44 Billion Twitter Deal If Data Is Not Provided
Musk Threatens to Drop $44 Billion Twitter Deal If Data Is Not Provided
(Christian Marquardt – Pool/Getty Images)

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By Newsmax Wires | 06 June 2022:

Elon Musk may walk away from his $44 billion deal to acquire Twitter Inc if the social media network fails to provide data on spam and fake accounts, the billionaire warned in a letter to the company Monday.

Twitter was in a “clear material breach” of its obligations and that Musk reserves all rights to terminate the merger agreement, said the letter from the Skadden, Arps, Slate, Meagher & Flom law firm representing the Tesla and SpaceX CEO .

The letter to Twitter, dated Monday, was included in Twitter a filing with the Securities and Exchange Commission.

Earlier in March, Musk said he would put the deal “temporarily on hold,” while he waits for the social media company to provide data on the proportion of its fake accounts.

Twitter has downplayed Musk’s warning that the deal was “on hold,” arguing that the data would help him prepare for his ownership of Twitter, not to carry out due diligence and reopen negotiations.

“Musk believes Twitter is transparently refusing to comply with its obligations under the merger agreement, which is causing further suspicion that the company is withholding the requested data due to concern for what Musk’s own analysis of that data will uncover,” according to the letter.

“Musk believes the company is actively resisting and thwarting his information rights,” the letter by Musk’s lawyers said.

Read Newsmax: Musk Threatens to Drop $44 Billion Twitter Deal If Data Is Not Provided | Newsmax.com
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