Usk Wasa Sharp Critic Of Twitter 39s Message Posting Practices And Described The Platform As An Important Forum For Free Speech Anadolu News Today : Breaking News, Live Updates & Top Stories | Vimarsana

HOUSTON, Texas - Tesla CEO Elon Musk announced Friday that he is pulling out of his USD44 billion deal to buy Twitter. "Mr. Musk is terminating the Merger Agreement because Twitter is in material breach of multiple provisions of that Agreement," Musk's attorney Mike Ringler said in a Securities and Exchange Commission (SEC) letter dated July 8. "(Twitter) appears to have made false and misleading representations upon which Mr. Musk relied when entering into the Merger Agreement, and is likely to suffer a Company Material Adverse Effect," it said. The termination cited a lack of information on bot accounts. "For nearly two months, Mr. Musk has sought the data and information necessary to 'make an independent assessment of the prevalence of fake or spam accounts on Twitter's platform,'" the letter goes on to say. "This information is fundamental to Twitter's business and financial performance and is necessary to consummate the transa

United statesMike ringlerBret taylorElon muskExchange commissionDelaware courtCompany material adverse effectMerger agreementTwitter boardExas tesla ceo elon musk announced friday that he is pulling out of his usd44 billion deal to buy twitter quot mr terminating the merger agreement because in material breach multiple provisionsUot musk 39s attorney mike ringler said ina securities and exchange commission sec letter dated july 8 quot twitter appears to have made false misleading representations upon which mr relied when entering into the merger agreementNd is likely to suffera company material adverse effectUot it said the termination citeda lack of information on bot accounts quot for nearly two monthsR musk has sought the data and information necessary to 39 make an independent assessment of prevalence fake or spam accounts on twitter 39s platform9 quot the letter goes on to say this information is fundamental twitter 39s business and financial performance necessary consummate transactions contemplated by merger agreement has failed or refused provideUot ringler said in the sec filing quot sometimes twitter has ignored mr musk 39s requests