Twitter “bombs”: We will force Musk to proceed with the acquisition agreement

Twitter warned that it would force Elon Musk to buy it for $ 44 billion, as originally agreed, after he now threatened to pull out of the deal.

According to the Daily Mail, the social media giant announced that it planned to “complete the transactionWith the billionaire who says he is ready to “blow up the deal”, accusing the Twitter administration of not giving him information about the fake accounts on the platform.

For its part, Twitter said it had shared information with Musk and would continue to do so in order to complete the deal, under the terms of the merger agreement.

In May, Musk announced that the deal to acquire Twitter “was temporarily frozen“, Pointing out that it was necessary to carefully consider the company’s claim that fake and spam accounts represent less than 5% of daily active users.

«Musk reserves all rights arising from this, including his right not to complete the transaction and his right to terminate the merger agreement.Wrote his lawyer today, Monday.

He wrote on Twitter last month that it will not proceed with the acquisition of the $ 44 billion platform until it receives the data it requests.

Musk has also announced that the takeover of Twitter will not take place unless there is a guarantee that the fake accounts are less than 5% of all the platform’s accounts. He had written on Twitter that the executive director of the platform refused to give him relevant evidence.

«Until it does, the transaction can not proceed“, He added.