Billionaire Elon Musk assured this Saturday that the deal to take over Twitter for $44 billionwhich broke at the beginning of July, could be closed if the company gives you details on how it estimates the number of fake or “spam” accounts.
“If Twitter just makes it easier your 100 count sampling method and how it is confirmed that they are real, the agreement should continue in the original terms, “Musk said in a message on the social network.
The businessman, meanwhile, stressed that if, on the contrary, it is shown that the information offered by Twitter to the regulators is false, the operation could not be closed as agreed.
Musk notified in early July its intention to cancel the purchase of the technologyagreed between both parties for 44,000 million, to which the latter responded with a lawsuit in a court specialized in commercial disputes to force it to complete the operation.
The argument of the head of Tesla is that the social network did not give him the figures on fake accounts that he requiredwhile Twitter assures that this is just a pretext to avoid completing the operation, which is becoming less and less attractive due to the drop in the company’s price and the loss of Musk’s assets as a result of the fall in the stock markets.
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The trial to resolve the dispute will begin on October 17 unless both sides agree on another date, according to case documents made public so far.
Twitter’s board of directors has invited its shareholders to vote on the purchase on September 13 and has asked them to give the green light to the operation as the last step to close it, although he acknowledged that it also depends on the “pending litigation” with the millionaire.