Elon Musk is Threatening to Walk Away From His $44 Billion Twitter Deal
Elon Musk is threatening to walk away from his $44 billion bid to buy Twitter, accusing the company of refusing to give him information about its spam bot accounts.
Lawyers for the Tesla and SpaceX CEO made the threat in a letter to Twitter dated Monday. That letter was included in a filing from Twitter with the Securities and Exchange Commission.
The letter says Musk has repeatedly asked for the information since May 9, about a month after his offer to buy the company, so he could evaluate how many of the company’s 229 million accounts are fake.
Shares of Twitter Inc. slid more than 4% Monday, likely incensing Twitter shareholders who filed a suit against Musk late last month for deflating the price of the stock. Shares of Twitter are down 23% in the last month.
Elon Musk is Threatening to Walk Away From His $44 Billion Twitter Deal https://t.co/26i8UBxkHi
— NBC Los Angeles (@NBCLA) June 6, 2022