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Monday, June 6, 2022
Musk accuses Twitter of withholding info on fake bots, threatens to withdraw bid
NEW YORK — Tesla chief executive Elon Musk threatens to withdraw his bid for Twitter, saying the social media company is flouting its obligations to provide required data on fake accounts.
Twitter has committed “a clear material breach” of its “obligations under the merger agreement and Mr. Musk reserves… his right not to consummate the transaction and his right to terminate the merger agreement,” according to a document filed with securities regulators.