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The letter stated Twitter was in a “clear materials breach” of its obligations and that Musk reserves all rights to terminate the merger settlement.Earlier in March, Musk stated he would put the deal “briefly on maintain”, whereas he waits for the social media firm to offer knowledge on the proportion of its pretend accounts.
“Musk believes Twitter is transparently refusing to adjust to its obligations beneath the merger settlement, which is inflicting additional suspicion that the corporate is withholding the requested knowledge attributable to concern for what Musk’s personal evaluation of that knowledge will uncover,” in accordance with the letter.
“Musk believes the corporate is actively resisting and thwarting his info rights,” the letter by Musk’s attorneys stated.
Twitter shares have been down 5.5% at $37.95 in premarket buying and selling.
