Billionaire Tesla CEO Elon Musk said his $44 billion takeover of Twitter could go ahead if the company showed how it sampled 100 accounts and how it could prove they were real.
“But if the company’s disclosure to the SEC about this is truly false, it shouldn’t be,” Musk wrote on Twitter Saturday.
On Thursday, Twitter denied Musk’s claims that he was tricked into signing a deal to buy the social media company, saying the allegations were “unbelievable and false.”
Musk made the allegations in a counterclaim that was not made public until Thursday.
“According to Musk, according to Musk, he — the billionaire founder of several companies and advises many bankers and lawyers on Wall Street — was duped by Twitter out of a $44 billion merger deal,” Twitter said in a disclosure on Thursday. signed This narrative is unacceptable.
Musk’s comments are the latest chapter in what could be a major legal battle between the world’s richest man and the social media giant.
San Francisco-based Twitter has been trying to divulge its fate for months, while Musk has tried to back out of the deal because of what he says is Twitter hiding information about the number of fake or fake accounts on its platform.
Musk agreed to buy Twitter on April 25, but pulled out on July 8 without paying a $1 billion breakup fee, citing Twitter’s failure to provide details on the spread of fake accounts and spam.
Twitter sued Musk four days later, accusing him of scuttling the deal because it no longer served his interests and asking him to complete it. The trial is scheduled for November 17.
Source: Lebanon Debate
