Elon Musk warns of dropping $44bn Twitter deal if data not provided - News Summed Up

Elon Musk warns of dropping $44bn Twitter deal if data not provided


Elon Musk warned he may walk away from his $44 billion deal to acquire Twitter Inc if the social media network fails to provide data on spam and fake accounts, the billionaire said in a letter to the company on Monday. The letter said Twitter was in a “clear material breach” of its obligations and that Musk reserves all rights to terminate the merger agreement. Earlier in March, Musk said he would put the deal “temporarily on hold”, while he waits for the social media company to provide data on the proportion of its fake accounts. “Musk believes the company is actively resisting and thwarting his information rights,” the letter by Musk’s lawyers said. Our reporter joined the train to and fro Lagos from Ibadan and tells his experience in this report…Armed men kill police Armed men kill policeElon Musk warns of dropping $44-bn Twitter deal if data not provided


Source: Nigerian Tribune June 06, 2022 22:33 UTC



Loading...
Loading...
  

Loading...