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Elon Musk threatens to walk away from Twitter deal

Elon Musk threatens to walk away from Twitter deal

By Lena Reece
07/06/2022
[Photo:Newsondot]

Elon Musk has threatened to walk away from his $44bn takeover of Twitter, accusing the social media company of "thwarting" his requests to learn more about its user base.

In a letter filed with regulators, Musk says he was entitled to do his own measurement of spam accounts.

The letter formalises a dispute that has simmered for weeks after Musk declared the deal "on hold" pending further information.

Twitter has defended its estimates.

But Musk believes spam and fake accounts represent a far greater share than the less than 5% of daily users that Twitter reports publicly.

The dispute has raised more doubts about the future of the takeover, which Twitter's board approved in April.

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