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Home News Business

Is Elon Musk Trying To Weasel His Way Out Of Buying Twitter?

In a letter sent to Twitter today, Musk’s legal team claims that the company is in “clear material breach” of his deal to acquire the social media platform.

Aayat AlibyAayat Ali
June 6, 2022
in Business
Reading Time: 1 min read
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Elon Musk threatens to scrap Twitter deal over breach of agreement

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Elon Musk has made his suspicions about Twitter’s spam bot users apparent. 

In a letter sent to the social media platform today, Musk’s legal team claims that they are in “clear material breach” after refusing to provide the Tesla CEO with further information into Twitter’s spam bot users. 

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Without this data, Musk has threatened “not to consummate the transaction.”  

“Mr. Musk believes the company is actively resisting and thwarting his information rights (and the company’s corresponding obligations) under the merger agreement,” the legal team said.  

Since news broke that Musk would be acquiring Twitter, murmurs of the billionaire walking away from the deal quickly began to surface.  

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Yardi Kube automates flex and coworking operations

According to various tweets and interviews, Musk has been complaining about Twitter’s spam bot problem, which could be an effort to escape the deal he committed to in April. 

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Source: The Verge
Tags: BusinessMarketing
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Aayat Ali

Aayat Ali

Aayat is an editor for the Daily Digest based in Lexington, Kentucky. She has worked with local coworking spaces since August of 2017 and enjoys taking her firsthand knowledge to write about the fascinating, constantly evolving world of flexible workspaces.

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