Elon Musk said the $44 billion deal should proceed on its original terms if Twitter could provide its method of sampling 100 accounts and how it confirmed that the accounts are real.
An image of Elon Musk is seen on smartphone placed on printed Twitter logos in this picture illustration taken April 28, 2022. REUTERS/Dado Ruvic/Illustration/File Photocould provide its method of sampling 100 accounts and how it confirmed that the accounts are real, his $44 billion deal to buy the company should proceed on its original terms.
"However, if it turns out that their SEC filings are materially false, then it should not," Musk tweeted early on Saturday. 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.Reporting by Juby Babu in Bengaluru; editing by Mark Heinrich and Jason Neely
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Elon Musk countersues Twitter, accusing company of fraudElon Musk accused Twitter of fraud in a countersuit over his aborted $44 billion deal for the social media company, which he said held back necessary information and misled his team about its true user base.
Read more »
Elon Musk countersuit accuses Twitter of fraudElon Musk accused Twitter of fraud in a countersuit over his aborted $44 billion deal for the social media company, which he said held back necessary information and misled his team about its true user base. twitter kprc2 click2houston elonmusk
Read more »
Elon Musk responds: Countersuit accuses Twitter of fraudElon Musk alleges that Twitter committed fraud and breach of contract. The billionaire offered to buy the social media company, then tried to back out by claiming Twitter was infested with “spam bots” and fake accounts.
Read more »
Elon Musk Hints the $40,000 Tesla Cybertruck Isn't HappeningDuring the latest Tesla stockholder meeting, CEO Elon Musk strongly suggests that the Cybertruck will see a starting MSRP above its initial $40,000 offer.
Read more »
Twitter’s Legal Team Just Sucker Punched Elon MuskDefining this case in the public imagination is key for both parties. And by launching a sneak attack against Elon Musk, Twitter just won a round of the public-facing bout. KevinTDugan writes
Read more »
Elon Musk Suggests Tesla's Next Gigafactory Might Be In CanadaCEO told investors that the next Gigafactory will be one of about 10-12 plants the company is planning and will have enormous annual capacity of 1.5-2 million.
Read more »