After Elon Musk surprised the world last April by announcing that an agreement had been reached to buy the famous social networking site “Twitter” for $44 billion, the deal became in vain after the CEO of Tesla threatened electric cars and Tesla, because of what he said was an obstruction to his obtaining data related to with false accounts.
Musk said Twitter refused to make the necessary requests to facilitate its own assessment of the number of fake accounts. Last April, Twitter accepted Musk’s offer to acquire it for $44 billion.
The New York Times said the letter, which was submitted to the Securities and Exchange Commission, stated that Twitter was denying and thwarting Musk’s rights under the terms of his agreement to acquire the company. His lawyers accused Twitter of committing a clear material breach of its obligations, and said that Musk had the right to terminate the agreement as a result..
The letter stated that Musk had repeatedly requested information about how he measured the tension of fake accounts on his platform, and that he had made it clear that he did not believe that the company’s lax methods were sufficient, so he wanted to conduct the analysis himself..
The letter stated that Twitter’s response to previous inquiries from Musk’s team was a refusal of Musk’s request for data.
Twitter has previously said it will not accept Egon Durban’s resignation from the board, two days after shareholders prevented his re-election at an annual meeting. Durban is an ally of Elon Musk, who offered to take Twitter private in a $44 billion deal..
It seems that Musk was not only threatening with words, a few hours after the disclosure of this letter, the attorney general of Texas, one of the largest US states, announced the launch of his investigation into the practices of Twitter and the false reporting of fake accounts. The investigators said the false report could be a violation of state laws.