San Francisco: Elon Musk has fired another warning to Twitter.
The lawyers of the world’s richest person wrote to the company on Monday stating that he may walk away from the $44 billion deal to acquire Twitter Inc if the social media network fails to provide data on spam and fake accounts, Reuters reported.
The letter pointed out that Twitter was in a “clear material breach” of its obligations and that Musk reserves all rights to terminate the merger agreement.
Musk had said last month that he would put the deal “temporarily on hold” and wait for the company to provide data on proportion of its fake accounts.
According to the letter, Musk believes Twitter is transparently refusing to comply with its obligations under the merger agreement, which is causing further suspicion that the company is withholding the requested data due to concern for what Musk’s own analysis of that data will uncover.
“Musk believes the company is actively resisting and thwarting his information rights,” Musk’s lawyers wrote to Twitter.
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