Musk Threatens To Halt $44bn Twitter Buyout Over 'Material Breach'
The Guardian|June 07, 2022
Elon Musk has accused Twitter of committing a "material breach" of his $44bn (£35bn) agreement to buy the company and has threatened to terminate the deal, in the clearest indication yet that the world's richest man is preparing to walk away from the takeover.
Dan Milmo
Musk Threatens To Halt $44bn Twitter Buyout Over 'Material Breach'

Musk's lawyers have written to Twitter accusing it of refusing to provide sufficient information about the number of false users on the service, as part of a simmering dispute over the number of spam and fake accounts that populate the platform.

In a letter to Twitter's chief legal officer, Vijaya Gadde, lawyers representing the Tesla CEO said he believed the company was "actively resisting and thwarting" his rights to access data and information from the company under the agreement. The letter said Twitter had failed to provide the information requested by Musk since 9 May, adding that a formal response from the social media platform on 1 June was insufficient.

"Twitter's latest offer to simply provide additional details regarding the company's own testing methodologies, whether through written materials or verbal explanations, is tantamount to refusing Mr Musk's data requests," said the letter from the US law firm Skadden, Arps, Slate, Meagher & Flom.

Bu hikaye The Guardian dergisinin June 07, 2022 sayısından alınmıştır.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

Bu hikaye The Guardian dergisinin June 07, 2022 sayısından alınmıştır.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

THE GUARDIAN DERGISINDEN DAHA FAZLA HIKAYETümünü görüntüle
The Guardian

The Filter Cast-iron alternatives to Le Creuset for less

Le Creuset's colourful pans have long topped the wishlists of amateur and professional cooks.

time-read
2 dak  |
November 16, 2024
Money hacks How to find a pet-sitter you can trust
The Guardian

Money hacks How to find a pet-sitter you can trust

Unless you have family, a friend or a neighbour who can care for your pet when you're away, you'll need to find a pet-sitter you can trust.

time-read
4 dak  |
November 16, 2024
Pensions An A to Z of how to save for your retirement
The Guardian

Pensions An A to Z of how to save for your retirement

Everything you need to know to plan for your future and make the most of your finances. Rupert Jones and Hilary Osborne report

time-read
9 dak  |
November 16, 2024
'A fork in the road' AI's bid to help on laundry days at Europe's tech summit
The Guardian

'A fork in the road' AI's bid to help on laundry days at Europe's tech summit

This year's Web Summit in Lisbon was all about artificial intelligence and a robot sorting laundry.

time-read
5 dak  |
November 16, 2024
Brexit So how could Labour improve EU ties for the sake of growth?
The Guardian

Brexit So how could Labour improve EU ties for the sake of growth?

The Bank of England governor, Andrew Bailey, said this week that Brexit had undermined the UK's economy, and urged the government to improve relations with the EU for the sake of growth.

time-read
2 dak  |
November 16, 2024
Aviation Flying taxis: destined never to take off?
The Guardian

Aviation Flying taxis: destined never to take off?

In a dreary November day in the Cotswolds, the VX4 - a cross between a plane and a helicopter - rose from an airport runway, hovered a few feet off the ground and set back down.

time-read
2 dak  |
November 16, 2024
Property firm back in profit as workers return to offices
The Guardian

Property firm back in profit as workers return to offices

One of Britain's biggest property developers has provided further evidence of the return to office working, saying occupancy in its central London offices is at an all-time high and the value of its portfolio has returned to growth.

time-read
2 dak  |
November 16, 2024
The Guardian

Analysis Summer of dark warnings from the Treasury may have cast a shadow on growth

It was hardly surprising that the chancellor, Rachel Reeves, declared herself \"not satisfied\" with the news that the UK's GDP expanded by a measly 0.1% in the three months to September.

time-read
1 min  |
November 16, 2024
The Guardian

Contracting GDP adds to German woes as general election looms

Germany's looming general election will be fought against the backdrop of a stagnating economy, the European Commission has forecast, with GDP expected to have contracted in 2024.

time-read
1 min  |
November 16, 2024
UK economy slows amid jitters over Labour budget
The Guardian

UK economy slows amid jitters over Labour budget

The UK economy slowed to a near-standstill in the third quarter as uncertainty around Labour's first budget and high interest rates weighed on business and consumer spending.

time-read
2 dak  |
November 16, 2024