(Reuters) -Elon Musk may walk away from his $44 billion deal to acquire Twitter Inc if the social media network fails to provide data on spam and fake accounts, the billionaire warned in a letter to the company on Monday.
Twitter was in a"clear material breach" of its obligations and that Musk reserves all rights to terminate the merger agreement, the letter said.
Twitter had previously downplayed Musk's warning that the deal was"on hold", arguing that the data would help him prepare for his ownership of Twitter, not to carry out due diligence and reopen negotiations. "Musk believes Twitter is transparently refusing to comply with its obligations under the merger agreement, which is causing further suspicion that the company is withholding the requested data," according to the letter.
Musk said he needed the data to conduct his own analysis of Twitter users and did not believe in the company's"lax testing methodologies."
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