Elon MuskThe founder of Tesla, the electric car company and the airline SpaceXIt threatened to withdraw its takeover bid Twitter Alleging that the social network did not comply with its obligations to provide data on fake accounts, according to a document revealed on Monday by the stock exchange authorities.
Stick to Twitter “a clear material breach” Of his “obligations under the merger agreement, Mr. Musk reserves the right not to complete the transaction and the right to terminate the merger agreement,” he said in a letter to the network’s chief legal officer.
The text was published on the website of the US Securities and Exchange Commission, the Securities and Exchange Commission.
After it submitted in April a bid to buy the social network worth $ 44,000 million after acquiring more than 9% of the company’s share capital, The richest man in the world has repeatedly questioned the data provided by Twitter about fake accounts and the measures taken to limit their spread.
According to the company, fake accounts account for less than 5% of registered users.
“Twitter’s most recent offer to provide additional details on testing methods (details provided) via written documents or oral explanations, amounts to a denial of Mr Musk’s requests for data,” the letter reads.
Musk, according to the text, requires more information to set up the transition and finish launching the process.
Twitter chief Parag Agrawal said in mid-May that the numbers are “based on multiple human analyzes of the accounts, which are chosen at random.”
Musk responded to these interpretations with a poo-shaped emoji. “How do advertisers know what they are really paying for?”asked in a tweet. “It’s a fundamental question for the health of Twitter,” he added.
This new episode of the Mediatic purchase occurs on Twitter after the deadline for the US competition authorities, Friday, to start examining the process, which they did not do, thus leaving the field open for the deal to take place. place.
At 2:25 PM GMT (9:25 AM in Peru), Twitter shares fell 3.9% on Wall Street.
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