Breaking: Elon Musk cancels Twitter takeover

[Chevilopuvvu]

Twitter says it will FORCE through deal with Elon Musk after Tesla founder said he will terminate $44billion takeover because firm refused to reveal details on number of spam bots: Stocks slide 6% in extended trading

By Paul Farrell For Dailymail.Com17:30 EDT 08 Jul 2022 , updated 18:17 EDT 08 Jul 2022

•  In April 2022, Elon Musk first offered to purchase Twitter in a deal worth around $44 billion
• Since then, Musk has stalled on the deal citing issues over the number of fake accounts on the platform 
• Musk cited material breach of multiple provisions of the agreement in a letter dropping the bombshell
• Twitter's chairman remains defiant saying that the company are confident that they can force the deal through 
•  The news comes just days after Musk confirmed that he secretly fathered twins with Shivon Zilis

Elon Musk has dramatically announced that he is pulling the plug on his $44 billion acquisition of Twitter with his legal team accusing the social media giant of failing to provide accurate data on the number of fake and spam accounts on the platform.

[Chevilopuvvu]

Musk, 51, first made his offer to purchase Twitter in April, since then there have been repeated indications that he was seeking to walk away from the deal since April.
The world's wealthiest man had earlier stalled on the deal after claiming that he wanted his team to do 'due-diligence' over the number of fake accounts on the platform.

In a letter to the Securities and Exchange Commission dropping the bombshell, Skadden Arps attorney Mike Ringler said that Twitter were in material breach of multiple provisions of the agreement. 

Ringler wrote: 'Twitter has not complied with its contractual obligations.' He added also accused the company 'of making 'false and misleading representations' when entering into the agreement.

It was previously reported that Musk would pay $1 billion if he backed out of the deal. Twitter could still attempt to hold Musk to the original deal or force a bigger payout from him walking away at the 11th hour. 

In a brief statement on Twitter, Chairman Bret Taylor said: 'The Twitter Board is committed to closing the transaction on the price and terms agreed upon with Mr. Musk and plans to pursue legal action to enforce the merger agreement. We are confident we will prevail in the Delaware Court of Chancery.' 

[Chevilopuvvu]

One section of the letter reads: 'Twitter has not complied with its contractual obligations. For nearly two months, Mr. Musk has sought the data and information necessary to 'make an independent assessment of the prevalence of fake or spam accounts on Twitter's platform.' 

Musk's legal team also accuses Twitter of ignoring and rejecting requests to data regarding fake accounts.  

Musk had threatened to halt the deal unless the company showed proof that spam and bot accounts were fewer than 5% of users who see advertising on the social media service.

Last month, Twitter allowed Musk access to its 'firehose', a repository of raw data on hundreds of millions of daily tweets.

The Tesla founder's team discovered that the number of fake accounts on the side was much higher than the 5% that was publicly disclosed, Musk said.  

 

On the day of the announcement, Twitter's shares were down 7% in extended trading. Musk was offering $54.20 per share in April. 

[pandugadu999]

veeniki madham baaga ekkuvaindi

[tennisluvrredux]

Parag debba Elon Abba

 

[Sheri]

3 minutes ago, tennisluvrredux said:

Parag debba Elon Abba

 

Vijaya Gadde football adutundemo next. Asale ishtam vachchinattu koosadanta 

[tennisluvrredux]

Just now, Sheri said:

Vijaya Gadde football adutundemo next. Asale ishtam vachchinattu koosadanta 

Musk gaddalu pattukuni pisukutundi inka, no stopping Gadde akka

[basha786]

twitter must be thinking they wish they were his executives so Elon would not  "pull out"

[Swatkat]

1 minute ago, tennisluvrredux said:

Musk gaddalu pattukuni pisukutundi inka, no stopping Gadde akka

Repu savali tv lo

[Pakeeja]

1 minute ago, tennisluvrredux said:

Musk gaddalu pattukuni pisukutundi inka, no stopping Gadde akka

Post videos when you see it, I like pisking videos 

[pakeer_saab]

1 hour ago, Sheri said:

Vijaya Gadde football adutundemo next. Asale ishtam vachchinattu koosadanta 

danni elon 10gutaadu, twitter lo desis ki anta scene ledu, they chose desi's as scapegoats and will end up as scape goats

gadde will biggest gada in few months from now

[Beerboob123]

1 hour ago, Chevilopuvvu said:

Twitter says it will FORCE through deal with Elon Musk after Tesla founder said he will terminate $44billion takeover because firm refused to reveal details on number of spam bots: Stocks slide 6% in extended trading

By Paul Farrell For Dailymail.Com17:30 EDT 08 Jul 2022 , updated 18:17 EDT 08 Jul 2022

•  In April 2022, Elon Musk first offered to purchase Twitter in a deal worth around $44 billion
• Since then, Musk has stalled on the deal citing issues over the number of fake accounts on the platform 
• Musk cited material breach of multiple provisions of the agreement in a letter dropping the bombshell
• Twitter's chairman remains defiant saying that the company are confident that they can force the deal through 
•  The news comes just days after Musk confirmed that he secretly fathered twins with Shivon Zilis

Elon Musk has dramatically announced that he is pulling the plug on his $44 billion acquisition of Twitter with his legal team accusing the social media giant of failing to provide accurate data on the number of fake and spam accounts on the platform.

@Chevilopuvvu petindu

[Midnightsun]

Urgent ha na peru meeda 10 fake profiles create chestha

[Sheri]

1 hour ago, pakeer_saab said:

danni elon 10gutaadu, twitter lo desis ki anta scene ledu, they chose desi's as scapegoats and will end up as scape goats

gadde will biggest gada in few months from now

Choosthune unnam.

Vanni pandabetti dengithe adi iyyaledu idi iyyaledu ani kahaneelu cheppi paaripothunnadu. Trump gaaniki pattina kukka gathe veeniki kooda. 

[FLraja]

3 hours ago, Chevilopuvvu said:

One section of the letter reads: 'Twitter has not complied with its contractual obligations. For nearly two months, Mr. Musk has sought the data and information necessary to 'make an independent assessment of the prevalence of fake or spam accounts on Twitter's platform.' 

Musk's legal team also accuses Twitter of ignoring and rejecting requests to data regarding fake accounts.  

Musk had threatened to halt the deal unless the company showed proof that spam and bot accounts were fewer than 5% of users who see advertising on the social media service.

Last month, Twitter allowed Musk access to its 'firehose', a repository of raw data on hundreds of millions of daily tweets.

The Tesla founder's team discovered that the number of fake accounts on the side was much higher than the 5% that was publicly disclosed, Musk said.  

 

On the day of the announcement, Twitter's shares were down 7% in extended trading. Musk was offering $54.20 per share in April. 

Nee id mask gadiki istey perfect set. Sarley kani akkada voshayam enti antey vadini mosam cheyadaniki twit batch tried and failed. Vadi aat kuda peekaleru because half of their accounts are spam.so stock padipoyi sanka naktaru vadu noru teristey