Elon Musk Walks Away From $44-Billion Twitter Deal, Twitter to Sue
Tesla CEO Elon Musk has filed to exit from his multi-billion-dollar deal with Twitter over concerns about its spam bots, a Securities and Exchange Commission (SEC) filing shows.
“While Section 6.4 of the Merger Agreement requires Twitter to provide Mr. Musk and his advisers all data and information that Mr. Musk requests ‘for any reasonable business purpose related to the consummation of the transaction,’ Twitter has not complied with its contractual obligations,” reads an SEC filing dated July 8, 2022.-- More...
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