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Musk accuses Twitter of withholding data, says may withdraw bid

Musk accuses Twitter of withholding data, says may withdraw bid

23 Sept 01:48 Key points summarised by AI
  • Elon Musk threatened to withdraw his $44 billion bid to acquire Twitter, accusing the company of breaching their merger agreement by failing to provide data on fake accounts.
  • Musk claims Twitter's internal estimates and testing methodologies for bot accounts are insufficient, demanding access to raw data to conduct his own comprehensive analysis.
  • Twitter refutes Musk's accusations, asserting it has cooperatively shared information and remains committed to closing the transaction at the agreed price and terms.
  • Analysts suggest Musk's stance could be a tactic to either negotiate a lower acquisition price or potentially exit the deal, despite facing a $1 billion breakup fee.
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