Elon Musk accuses Twitter of breaching merger deal by withholding information 2 months ago

Elon Musk accuses Twitter of breaching merger deal by withholding information

The billionaire had previously threatened to pull out of the deal over disclosure issues

Elon Musk said he believes Twitter is "actively resisting and thwarting" his information rights by refusing to disclose information.

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In a filing on Monday the billionaire accused the social media platform of breaching their merger agreement by not providing information about spam and fake accounts that the billionaire has demanded, Bloomberg reported.

Musk last month threatened to pull out of his $44 billion takeover if Twitter did not prove bots make up fewer than 5% of its users.

Twitter Chief Executive Officer Parag Agrawal has said the number of fake accounts is less than 5% when measuring daily users - a figure the company has previously cited in quarterly filings, Bloomberg noted.

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In his filing, Musk reportedly said he doesn't agree with Twitter’s assessment.

“Twitter’s latest offer to simply provide additional details regarding the company’s own testing methodologies, whether through written materials or verbal explanations, is tantamount to refusing Mr. Musk’s data requests,” the filing reads.

“Twitter’s effort to characterize it otherwise is merely an attempt to obfuscate and confuse the issue. Mr. Musk has made it clear that he does not believe the company’s lax testing methodologies are adequate so he must conduct his own analysis. The data he has requested is necessary to do so.”

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