The original agreement was signed in April, but the boss of Tesla and SpaceX had indicated that the operation would not come to an end until he had proof that less than 5% of the accounts are fake.
In a letter disclosed in a Securities and Exchange Commission filing, Skadden Arps attorney Mike Ringler said that for nearly two months, Twitter has failed to provide Musk with information about fake or spam accounts. “The company has not complied with its contractual obligations", the letter said.
According to several international analysts, the controversy over the fake accounts is really just a pretext for Musk to walk away from the $44 billion deal without having to pay Twitter a $1 billion break-up fee.
“The Twitter Board is committed to closing the transaction on the price and terms agreed upon with Mr. Musk and plans to pursue legal action to enforce the merger agreement,” Bret Taylor, chairman of the board, said in a tweet. “We are confident we will prevail in the Delaware Court of Chancery.”
"/>
In evidenza
