DETROIT (AP) — Elon Musk is threatening to walk away from his $44 billion bid to buy Twitter, accusing the company of refusing to give him information about its spam bot and fake accounts .
Highlights
- Elon Musk is threatening to end his $44 billion agreement to buy Twitter.
- Lawyers for the Tesla and SpaceX CEO made the threat in a letter to Twitter dated Monday, June 6, 2022 that the social platform included in a filing with the Securities and Exchange Commission.
- The lawyers wrote that Musk has repeatedly asked for the information since May 9, about a month after his offer to buy the company, so he could evaluate how many of the company’s 229 million accounts are fake.
- Twitter shares of Twitter Inc.
- slid 1.5% Monday, likely incensing Twitter shareholders who filed a suit against Musk late last month for deflating the price of the stock.