SAWT BEIRUT INTERNATIONAL

| 14 August 2022, Sunday |

Musk says Twitter deal should go ahead if it provides proof of real accounts

Elon Musk stated that his $44 billion bid to acquire the business should go on under its original terms provided Twitter Inc. could disclose its technique of selecting 100 accounts and how it verified that the accounts are legitimate.

Musk tweeted early on Saturday, “However, if it turns out that their SEC filings are materially inaccurate, then it should not.”

In response to a Twitter user asking whether the U.S. SEC was probing “dubious claims” by the company, Musk tweeted “Good question, why aren’t they?”.

Twitter declined to comment on the tweet when contacted by Reuters.

Twitter on Thursday dismissed Musk’s claim that he was hoodwinked into signing the deal to buy the social media company, saying that it was “implausible and contrary to fact”.

“According to Musk, he — the billionaire founder of multiple companies, advised by Wall Street bankers and lawyers — was hoodwinked by Twitter into signing a $44 billion merger agreement. That story is as implausible and contrary to fact as it sounds,” the filing released by Twitter on Thursday said.

Musk filed a countersuit Twitter on July 29, escalating his legal fight against the social media company over his bid to walk away from the $44 billion purchase.

    Source:
  • Reuters