Agencies-Gaza post
Will Elon Musk back off buying “Twitter”??
Elon Musk expected to withdraw the “Twitter” asset, demonstrating, in a document he filed on the stock exchange on Tuesday, that the platform was “actively resisting” his requests for details about Internet bots and spam, which he saw as a clear violation of the social network’s obligations under the purchase offer.
“Musk owns all rights, including his right not to complete the transaction and his right to terminate the merger agreement,” a letter addressed to the legal officer on Twitter and published by the U.S. Securities Authority stated.
The U.S. Securities and Exchange Commission (SEC) disclosed late last month that it had asked Musk to provide clarification on the reasons for his delay in reporting his purchase of millions of shares on Twitter, in the latest questions about his troubled attempt to buy the platform.
Musk became a major donor to Twitter after purchasing 73.5 million shares in early April, and about two weeks later he made an offer to acquire the platform.
This was observed by his signing of a $44 billion deal to buy the San Francisco-based company, but he has since given inconsistent signals about his dedication to the deal.
Musk’s behavior has prompted American human rights NGOs to join parties to stop the billionaire from buying “Twitter”, stressing that it would allow hate and violent content to be posted on the platform.
