After a lull, the controversy between Elon Musk and the management of Twitter flared up again in front of the audience. Musk has sent a letter to the US Securities and Exchange Commission, accusing Twitter of “resisting and thwarting” his attempts to check bots and fake profiles on the platform, CNBC reported.
According to Musk, he has the right to carry out such inspections and thwarting them is a violation of the agreement to acquire the company. In his letter, the billionaire reiterated that he “reserves the right” not to complete the transaction and terminate the acquisition agreement. The letter was submitted to the commission by Musk’s lawyers.
Initially, the billionaire gave up preliminary checks to speed up the acceptance of his proposal. However, after this happened, he started arguing with the company’s management. In the letter, the lawyers write that Musk is entitled to such inspections and this is described in the acquisition agreement. They claim that Twitter even has an obligation to provide the requested information that is relevant to the transaction.
Twitter responds in an official position that it provides and will continue to provide the necessary information under the terms of the agreement. The company reiterates that it intends to complete the deal and enforce the agreement within the agreed terms and price.