Elon Musk has ended the $44 billion Twitter deal, citing that the microblogging platform had fizzled to supply him legitimate data on the fake accounts on its site.The very rich person informed the choice in an US SEC recording, blaming the social media company of breaching “multiple arrangements of the agreement". In any case, Twitter’s board in a offered to still near the deal, said that it would sue Elon Musk to enforce the lawful agreement. This comes after months of theory with Musk suspending the Twitter bargain, citing deception over fake accounts on the platform.
“Mr. Musk is terminating the Merger Agreement because Twitter is in material breach of multiple provisions of that Agreement, appears to have made false and misleading representations upon which Mr. Musk relied when entering into the Merger Agreement, and is likely to suffer a Company Material Adverse Effect (as that term is defined in the Merger Agreement)," said the lawyers of the tech mogul in the SEC filing dated July 8, Sunday.
Elon Musk walks away from Twitter deal over lack of information on 'spam and fake accounts " : :https://twitter.com/RSBNetwork/status/1545754649591939072?ref_src=twsrc%5Etfw
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