New York, First Published Jun 7, 2022, 7:44 AM IST
elon musk tesla: Tesla owner Elon Musk has warned that he will end a $ 44 billion deal to buy Twitter if it does not provide details about fake accounts and spam.
Elon Musk bought a 9 percent stake in Twitter. Through this he gained the pride of being the individual who holds the most shares. But when called to the Twitter board, Elon Musk refused to join
Elon Musk has announced that he will be buying the Twitter social networking site myself for $ 44 billion over the next few days. Elon Musk said in a filing to the Stock Exchange that he would like to buy every stake in Twitter for $ 54.20. The deal was signed between Twitter and Elon Musk. But Elon Musk said he was abruptly postponing his decision to buy Twitter.
Elon Musk has demanded that information be obtained as there are numerous fake accounts on Twitter. But Twitter did not provide details about the fake accounts and the spam. Elon Musk has repeatedly warned Twitter about this.
. Elon Musk has warned in writing that he will terminate the contract if he does not provide fake Twitter account details through his lawyers.
It said, “We need to provide information about fake accounts and spam on Twitter. Otherwise I have the right to terminate this Agreement. The Twitter company openly refuses to provide the details we asked for, which is a breach of contract. This raises further doubts about the deal. “
However, Twitter did not respond to Elon Musk’s letter. This is the first time Elon Musk has made a deal and pulled it off.
Meanwhile, Elon Musk’s contract to buy Twitter under the HSR Act has expired. Last week, Twitter announced that Elon Musk’s deal to buy Twitter had been formally terminated.
Last Updated Jun 7, 2022, 8:00 AM IST