Elon Musk says Twitter deal could move ahead with 'bot' info
Elon Musk said Saturday his planned $44 billion takeover of Twitter should move forward if the company can confirm some details about how it measures whether user accounts are 맥스카지노spam bots맥스카지노 or real people.
The billionaire and Tesla CEO has been trying to back out of his April agreement to buy the social media company, leading Twitter to sue him last month to complete the acquisition. Musk countersued, accusing Twitter of misleading his team about the true size of its user base and other problems he said amounted to fraud and breach of contract.
Both sides are headed toward an October trial in a Delaware court.
맥스카지노If Twitter simply provides their method of sampling 100 accounts and how they맥스카지노re confirmed to be real, the deal should proceed on original terms,맥스카지노 Musk tweeted early Saturday. 맥스카지노However, if it turns out that their SEC filings are materially false, then it should not.맥스카지노
Twitter declined comment Saturday. The company has repeatedly disclosed to the Securities and Exchange Commission an estimate that fewer than 5% of user accounts are fake or spam, with a disclaimer that it could be higher. Musk waived his right to further due diligence when he signed the April merger agreement.
Twitter has argued in court that Musk is deliberately trying to tank the deal because market conditions have deteriorated and the acquisition no longer serves his interests. In a court filing Thursday, it describes his counterclaims as an imagined story 맥스카지노contradicted by the evidence and common sense.맥스카지노
맥스카지노Musk invents representations Twitter never made and then tries to wield, selectively, the extensive confidential data Twitter provided him to conjure a breach of those purported representations,맥스카지노 company attorneys wrote.