Elon Musk Says He Can Stop Buying Twitter

Elon Musk said in his statement to the SEC that he can stop buying Twitter. While Elon Musk has been at odds with Twitter over the company’s reluctance to release information about its user base, he’s likely to withdraw from the $41.4 billion deal.

Elon Musk used the following statements in his statement to the SEC:

“This is a flagrant breach of Twitter’s obligations under the merger agreement and Mr. Musk reserves all rights arising from this, including the right not to complete the transaction and the right to terminate the merger agreement.”

Musk’s lawyers argued that Twitter did not meet the requirements set by the merger agreement, which gave Musk the right to withdraw from the agreement.

In the notice, he said Twitter is only releasing limited data about its users, and that its “latest offering” only includes information about the company’s testing methodologies.

Elon Musk has previously said that he is putting the deal “on hold” to confirm reports that less than 5% of Twitter accounts are spam or fake.

Larry Brown

I graduated from Yale University, Department of Television. I have been a professional news writer for 3 years. I am continuing my career here by establishing amknews.com site 3 months ago.