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Elon Musk Says Twitter Buyout Could Be Closed If It Gets ‘User Data’

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Billionaire Elon Musk assured this Saturday that the deal to take over Twitter for 44,000 million dollars, which broke at the beginning of July, could be closed if the company provides details on how it estimates the number of false accounts or "spam".

"If Twitter simply provides its method of sampling 100 accounts and how they are confirmed to be real, the deal should continue on its original terms."Musk said in a message on the social network.

The businessman, meanwhile, stressed that if, on the contrary, it is shown that the information offered by Twitter regulators are false, the operation could not be closed as agreed.

Musk notified in early July his intention to cancel the purchase of the technology company, agreed between both parties for 44,000 millionto which it responded with a lawsuit in a court specialized in commercial disputes to force it to complete the operation.

The argument of the person in charge of Tesla is that the social network did not give him the figures on false accounts that he required, while Twitter assures that this is only a pretext to avoid completing the operation, which is becoming less and less attractive due to the drop in the listing of the company and the loss of Musk’s assets as a result of the fall in the stock markets.

The trial to resolve the dispute will start on October 17 unless both parties agree on another date, according to case documents made public so far.

Twitter’s board of directors has invited its shareholders to vote on the purchase on September 13 and has asked them to give the green light to the operation as the last step to close it, although it acknowledged that it would also depends on "pending litigation" with the millionaire

 

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