In a letter to Elon Musk, Twitter deemed the billionaire’s rejection of the $44 billion deal to buy the social network was “invalid and unreasonable,” stressing that he had “complied with everything set out in the agreement” between the two. two sides in April.
While Musk accuses Twitter of “failing to comply with the terms of the agreement, in particular, not providing it with all data associated with fake accounts on the platform,” Twitter confirmed in its official letter that “and based on the foregoing, requires the owner of Tesla and SpaceX to fulfill their obligations under the agreement.
Musk announced the end of the purchase of the social network “Twitter” (i.e., the cancellation of the transaction), which was supposed to be made for the amount of 44 billion dollars.
And last month, Musk announced that the deal to acquire Twitter had fallen through due to “fake accounts.” He pointed out that “the contract will not be completed until the real number of fake accounts on the platform is known. As soon as he announced the deal was off, Twitter shares fell 19 percent.”
Source: El Nashra