Elon Musk’s rollercoaster Twitter takeover went off the rails Friday.
spam accounts, along with other “unresolved matters” as to why the deal wasn’t closing—even as Twitter’s board recommended shareholders approve it.
In Friday’s regulatory filing, Musk accused Twitter of being in “material breach of multiple provisions of that Agreement.” He alleged that Twitter had not “complied with its contractual obligations,” such as failing to provide data and information he requested to complete the transaction.Washington Post
, “Musk skeptics have said he concocted the argument about bots simply to find a reason to get out of what he now saw as a bad deal.”it “has and will continue to cooperatively share information with Mr. Musk to consummate the transaction in accordance with the terms of the merger agreement.
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