Written by Mohammed Elkorri on Sunday July 10, 2022
Billionaire Elon Musk announced on Friday that he had withdrawn from the takeover of the social network Twitter. The transaction was estimated at $44 billion.
Elon Musk also clarified that the leaders of the platform did not provide him with all the information requested on the number of inauthentic accounts and spam.
“Twitter failed to comply with multiple terms of the agreement and appears to have provided false and misleading information upon which Musk relied in entering into the acquisition agreement,” the man’s lawyers say. strong in a letter.
It should be noted that by abandoning the purchase of the famous social network, Elon Musk exposes himself to legal proceedings, which could cost him up to a billion dollars in damages.