Musk threatens Twitter – takeover could burst

Hans Christian Dirscherl

Elon Musk is increasing his pressure on Twitter management. In a letter from his lawyers, Musk threatened not to take over Twitter after all and to let the deal burst. Because Twitter “clearly violated” its obligations. This is reported by Reuters and ZDF.

Musk actually wants to take over the short message service Twitter for 44 billion dollars. But Musk put the deal on hold for the time being because he wants to know how many fake accounts there are on Twitter among the 229 million accounts. Twitter estimates that spam and fake accounts account for less than five percent of monetizable users. Musk, on the other hand, assumes at least 20 percent of fake accounts. Market observers, on the other hand, believe that around 9 to 15 percent of all Twitter users have spam accounts.

Musk’s lawyers are quoted by ZDF as saying: “Musk believes that Twitter is blatantly refusing to honor its obligations under the merger agreement, raising suspicions that the company is withholding the requested data for fear of what Musk’s own analysis of that data will reveal becomes”.

Twitter responded, according to Reuters, “Twitter has and will continue to cooperatively share information with Musk to complete the transaction pursuant to the terms of the merger agreement.”

Elon Musk takes over Twitter for $44 billion