Elon Musk in a letter ask Twitter to revolve ‘spam and fake accounts’ or the deal is off

Elon Musk’s legal counsel sent a letter to the Twitter executive to deal with ‘spam and fake accounts on the platform, if not his happy to call the deal off. 

The letter reads, “As Twitter’s prospective owner, Mr Musk is clearly entitled to the requested data to enable him to prepare for transitioning Twitter’s business to his ownership and to facilitate his transaction financing.” 

Tesla CEO’s legal team fired a bullet to Twitter that if they’re not willing to play ball to address the issue of ‘spam and fake accounts’ they’re happy to cancel the deal and move on. 

“Based on Twitter’s behaviour to date, and the company’s latest correspondence, in particular, Mr Musk believes the company is actively resisting and thwarting his information rights (and the company’s corresponding obligations) under the merger agreement.” 

“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.”

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