Elon Musk Says Twitter “Actively Resisting” Terms of Merger Agreement, Threatens Termination of Deal Over Spambot Dispute

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The mogul's lawyer sent a new letter to Twitter on Monday, arguing that the company is in breach of the takeover deal.

The letter says that the company sent over information to Musk in a June 1 correspondence, but Musk responded that he wants to conduct his own analysis. “At this point, Mr. 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 Mr. Musk’s own analysis of that data will uncover,” the Monday letter reads.

Musk’s Monday letter to Twitter leaders ends on an ominous note, effectively threatening to terminate the deal if he is not given the requested data. “This is a clear material breach of Twitter’s obligations under the merger agreement and Mr. Musk reserves all rights resulting therefrom, including his right not to consummate the transaction and his right to terminate the merger agreement,” it reads.

Of course, it isn’t immediately clear whether the threat is to be taken seriously, or whether Musk simply wants to negotiate a better price for the company. As of market open Monday, Twitter stock was trading at just over $40 per share, well below the $54.20 that Musk agreed to pay. A larger market correction in the

 

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I’ve said it before and I’ll say it again, Arsehole Musk had no intention of purchasing Twitter. He always knew it was going to end this way.

Probably been enlightened to the fact that Donald Trump lost his account due to the spreading of lies and not for speaking freely

I think most people think he’s looking for a way to bail out. Most people don’t want him to take over Twitter anyway

His true colors come sliming through.

No shit

lol nobody wants him near anything of any value. 😂

Good

He wants out. Couldn't be much clearer.

Don’t want him here

What, are you all his publicist now? Forced to cover self serving lies in a “neutral” way?

Good

He needs to troll someone else already.

Please do. We are sick seening a teanager in a rich men`s body.

Publicity. Stunt.

Dog catches car wheel...sues car

I thought he said he was buying Twitter with 1 priority of getting rid of the bots

Literally so sick of hearing this man’s name and seeing his face 😭

we dont want him anyways

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