Elon Musk’s legal team has written to Twitter threatening to abort his $44bn acquisition after the social media company failed to satisfy his demands for more detailed information about spam and fake accounts.
Musk has been critical of Twitter’s claims that less than 5 per cent of its monetisable daily active users were bots or scammers, warning last month that his takeover was “on hold” while he sought further information.
In a letter to Twitter’s chief legal officer that was disclosed in a regulatory filing on Monday, Musk’s lawyers claimed its failure to provide more detail on bots and other fake accounts amounted to “a clear material breach” of Musk’s takeover agreement.
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