Musk called the condition for closing the deal to buy Twitter
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Twitter must disclose its method of sampling 100 accounts and how they authenticate, then the deal to buy the company will go through on the original terms, Tesla and SpaceX owner Elon Musk said.
“But if it turns out that they lied, there will be no deal,” the businessman said (quoted from Reuters).
At the end of April 2022, Elon Musk announced that he was buying a 100% stake in Twitter for $44 billion, but eventually backed out of the deal in early July. The businessman’s lawyers cited Twitter’s unwillingness to provide Musk with the necessary information and ignoring his requests as the reason for this decision. In particular, it was noted that reports of fake accounts and spam on the platform were not shared with Elon Musk’s team, which is why the businessman was unable to assess the business potential of the site.
Twitter then sued the businessman to force him to complete the acquisition of the company, wrote The New York Times. In mid-July, lawyers for Tesla’s owner and SpaceX filed a motion against Twitter’s speeding up the lawsuit. July 30 Musk filed counterclaim against the company.
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