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BREAKING: Elon Musk Threatens To End Twitter Takeover Bid Due To “Material Breach” By The Social Media Giant

 
ELON MUSK VS THE DEEP STATE
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06/06/2022 01:22 PM
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BREAKING: Elon Musk Threatens To End Twitter Takeover Bid Due To “Material Breach” By The Social Media Giant
BREAKING: Elon Musk Threatens To End Twitter Takeover Bid Due To “Material Breach” By The Social Media Giant



Elon Musk has threatened to pull out of his deal to purchase Twitter as he accuses the social media giant of “resisting and thwarting” his right to information about spam and fake accounts on the platform.

In a letter to Twitter on Monday, Musk’s attorney argued that Musk’s purchase agreement mandates the platform to provide the requested data in full.

He has alleged that Twitter is in a “clear material breach” of its obligations and “reserves all rights” to terminate the merger agreement.

The letter further refutes the company’s claim that it is only required to provide information for closing the deal’s “limited purpose. ”



“Musk is entitled to seek, and Twitter is obligated to provide, information and data for, inter alia, any reasonable business purpose related to the consummation of the transaction,” the letter states.

“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 due to concern for what Musk’s own analysis of that data will uncover,” it continues.

In March, Musk stated he would put the deal “temporarily on hold” while he waited for the company to provide data on the proportion of its fake accounts.

Musk successfully won a bid to purchase the company in April.

According to a press release, “Twitter, Inc. (NYSE: TWTR) today announced that it has entered into a definitive agreement to be acquired by an entity wholly owned by Elon Musk, for $54.20 per share in cash in a transaction valued at approximately $44 billion. Upon completion of the transaction, Twitter will become a privately held company.”

Board Chairman Bret Taylor said, “The Twitter Board conducted a thoughtful and comprehensive process to assess Elon’s proposal with a deliberate focus on value, certainty, and financing. The proposed transaction will deliver a substantial cash premium, and we believe it is the best path forward for Twitter’s stockholders.”


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Anonymous Coward
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06/06/2022 01:23 PM
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Re: BREAKING: Elon Musk Threatens To End Twitter Takeover Bid Due To “Material Breach” By The Social Media Giant
Twitter probably has as many fake accounts as Dementia Joe had fake votes. Kudos to Musk for exposing the fraud.
FJB and Twitter too!
Anonymous Coward (OP)
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06/06/2022 01:25 PM
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Re: BREAKING: Elon Musk Threatens To End Twitter Takeover Bid Due To “Material Breach” By The Social Media Giant
Who is playing whom? Twitter board does not want the takeover. I believe they are creating a poison pill that will cause Elon Musk to walk away and leave them to censor whosoever they please.
Anonymous Coward
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06/06/2022 01:26 PM
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Re: BREAKING: Elon Musk Threatens To End Twitter Takeover Bid Due To “Material Breach” By The Social Media Giant
Nobody of my friends has twitter account and everybody has fb account. I guess only rich and famous people has one or companies. And the ones with strong push on PR.
Anonymous Coward (OP)
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06/06/2022 01:28 PM
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Re: BREAKING: Elon Musk Threatens To End Twitter Takeover Bid Due To “Material Breach” By The Social Media Giant
I suspect that Elon Musk is falling into a trap set by the current Twitter board. They don't want the takeover and are making the company so unpalatable that Musk will simply take his offer and walk away.

From my point of view, it would be a tragedy if Mr. Musk abandons this purchase and leaves Twitter to continue in their old ways.
Anonymous Coward
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06/06/2022 01:29 PM
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Re: BREAKING: Elon Musk Threatens To End Twitter Takeover Bid Due To “Material Breach” By The Social Media Giant
Pull out, crash, everybody dumps, he saves 30 billion and still gets it.
Anonymous Coward (OP)
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06/06/2022 01:30 PM
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Re: BREAKING: Elon Musk Threatens To End Twitter Takeover Bid Due To “Material Breach” By The Social Media Giant
Pull out, crash, everybody dumps, he saves 30 billion and still gets it.
 Quoting: Anonymous Coward 62226146


yoda
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06/06/2022 01:32 PM
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Re: BREAKING: Elon Musk Threatens To End Twitter Takeover Bid Due To “Material Breach” By The Social Media Giant
Pull out, crash, everybody dumps, he saves 30 billion and still gets it.
 Quoting: Anonymous Coward 62226146


yoda
 Quoting: Anonymous Coward 73855534


badabing-sop
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06/06/2022 01:34 PM

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Re: BREAKING: Elon Musk Threatens To End Twitter Takeover Bid Due To “Material Breach” By The Social Media Giant
scrumpbump
I am a Christian.

Christian does not equal doormat or pushover

"I Have Sworn upon the Altar of God... Eternal Hostility against every form of Tyranny over the mind of man." -Thomas Jefferson, Sep. 23, 1800

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Anonymous Coward (OP)
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06/06/2022 01:36 PM
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Re: BREAKING: Elon Musk Threatens To End Twitter Takeover Bid Due To “Material Breach” By The Social Media Giant
Twitter’s value, to the globalist totalitarians, is much greater than even the inflated market valuation.
Anonymous Coward
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06/06/2022 01:37 PM
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Re: BREAKING: Elon Musk Threatens To End Twitter Takeover Bid Due To “Material Breach” By The Social Media Giant
Fflag0ps1
Brass Clockwork

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06/06/2022 01:38 PM
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Re: BREAKING: Elon Musk Threatens To End Twitter Takeover Bid Due To “Material Breach” By The Social Media Giant
Musk knew well in advance what is going on. Interesting to watch how it plays out.
Anonymous Coward (OP)
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06/06/2022 01:38 PM
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Re: BREAKING: Elon Musk Threatens To End Twitter Takeover Bid Due To “Material Breach” By The Social Media Giant
Musk knew well in advance what is going on. Interesting to watch how it plays out.
 Quoting: Brass Clockwork


smoking1
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06/06/2022 01:38 PM
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Re: BREAKING: Elon Musk Threatens To End Twitter Takeover Bid Due To “Material Breach” By The Social Media Giant
Musk knew well in advance what is going on. Interesting to watch how it plays out.
 Quoting: Brass Clockwork


smoking1
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06/06/2022 01:40 PM
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Re: BREAKING: Elon Musk Threatens To End Twitter Takeover Bid Due To “Material Breach” By The Social Media Giant
They know by releasing the real numbers will give Musk advantage to buy it for a cheaper price plus it may trigger lawsuits by advertisers too. Tank twotter now! Twitter is run by the US government anyway, aka democrat party regime so tanking it, squashing it would not be a bad idea
pool
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06/06/2022 01:40 PM

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Re: BREAKING: Elon Musk Threatens To End Twitter Takeover Bid Due To “Material Breach” By The Social Media Giant
Does Twitter own any Dominion data?
live only for today.
being honest is above most people.
before i go, i want you to be happy.
Anonymous Coward
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06/06/2022 01:41 PM
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Re: BREAKING: Elon Musk Threatens To End Twitter Takeover Bid Due To “Material Breach” By The Social Media Giant
Musk thought twitter was a good buy? He needs to stop smoking weed.
continuity

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06/06/2022 01:41 PM
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Re: BREAKING: Elon Musk Threatens To End Twitter Takeover Bid Due To “Material Breach” By The Social Media Giant
He is likely destroying twitter unintentionally. Just awesome! Throw the lot out in the streets.
In klaus we trust?!?!? ....

It is estimated that there are more stars than grains of sand on earth; but more atoms exist in a single grain of sand than there are stars...

gravity is a harsh reality.
Anonymous Coward
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06/06/2022 01:41 PM
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Re: BREAKING: Elon Musk Threatens To End Twitter Takeover Bid Due To “Material Breach” By The Social Media Giant
Does Twitter own any Dominion data?
 Quoting: pool


drevil
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06/06/2022 01:42 PM
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Re: BREAKING: Elon Musk Threatens To End Twitter Takeover Bid Due To “Material Breach” By The Social Media Giant
Musk thought twitter was a good buy? He needs to stop smoking weed.
 Quoting: Anonymous Coward 83548960


cruisebonghit
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06/06/2022 01:43 PM

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Re: BREAKING: Elon Musk Threatens To End Twitter Takeover Bid Due To “Material Breach” By The Social Media Giant
Who is playing whom? Twitter board does not want the takeover. I believe they are creating a poison pill that will cause Elon Musk to walk away and leave them to censor whosoever they please.
 Quoting: Anonymous Coward 73855534


They have unlimited liability from shareholder lawsuits now.

"Creative destruction"
When you are afraid of losing your life, you have already lost your life.

Don't be afraid.
Anonymous Coward
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06/06/2022 01:44 PM
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Re: BREAKING: Elon Musk Threatens To End Twitter Takeover Bid Due To “Material Breach” By The Social Media Giant
Who is playing whom? Twitter board does not want the takeover. I believe they are creating a poison pill that will cause Elon Musk to walk away and leave them to censor whosoever they please.
 Quoting: Anonymous Coward 73855534


They have unlimited liability from shareholder lawsuits now.

"Creative destruction"
 Quoting: Crypto-Tard


drevillflash
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06/06/2022 02:06 PM
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Re: BREAKING: Elon Musk Threatens To End Twitter Takeover Bid Due To “Material Breach” By The Social Media Giant
BREAKING: ELON MUSK CONTINUES TO MAKE EXCUSES FOR HIS BUYER'S REMORSE FOR RAGE PURCHASING A COMPANY THAT MAKES NO MONEY
Anonymous Coward
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06/06/2022 02:07 PM
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Re: BREAKING: Elon Musk Threatens To End Twitter Takeover Bid Due To “Material Breach” By The Social Media Giant
He is likely destroying twitter unintentionally. Just awesome! Throw the lot out in the streets.
 Quoting: continuity


he's destroying the thing he spends most of his time on and gets just constant praise and devotion from his fan boi stans on?
Anonymous Coward
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06/06/2022 02:08 PM
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Re: BREAKING: Elon Musk Threatens To End Twitter Takeover Bid Due To “Material Breach” By The Social Media Giant
Musk thought twitter was a good buy? He needs to stop smoking weed.
 Quoting: Anonymous Coward 83548960


that would mean he actually THOUGHT about buying it when he just bought it out of emotion with no plan
Anonymous Coward
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06/06/2022 02:08 PM
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Re: BREAKING: Elon Musk Threatens To End Twitter Takeover Bid Due To “Material Breach” By The Social Media Giant
Musk knew well in advance what is going on. Interesting to watch how it plays out.
 Quoting: Brass Clockwork


he certainly knew well in advance that twitter bots are super helpful in pumping tesla stock
Anonymous Coward
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06/06/2022 02:10 PM
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Re: BREAKING: Elon Musk Threatens To End Twitter Takeover Bid Due To “Material Breach” By The Social Media Giant
Pull out, crash, everybody dumps, he saves 30 billion and still gets it.
 Quoting: Anonymous Coward 62226146


saves 30 billion?

his own value has dropped since he wanted to buy twitter, he drove tesla stock prices down

and if he wants out of the twitter deal it costs him 1 billion

so he won't have saved anything

he will have lost a billion
he drove tesla stock down causing his own net value to drop
and he loses value amongst the public who seem him as a bad investor and not smart

it's lose / lose

what a genius!
Anonymous Coward
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06/06/2022 02:12 PM
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Re: BREAKING: Elon Musk Threatens To End Twitter Takeover Bid Due To “Material Breach” By The Social Media Giant
He is likely destroying twitter unintentionally. Just awesome! Throw the lot out in the streets.
 Quoting: continuity

have you no clue? He's doing exactly what is in his beas interests, buying twitter for a penny on the dollar and insuring his buyout with contractual obligation legal devices twitter can't escape without market shareholder disapproval and market stock price collapse. He's gonna make a killing once he takes it private and owns >80 percent. rockon
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06/06/2022 02:13 PM
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Re: BREAKING: Elon Musk Threatens To End Twitter Takeover Bid Due To “Material Breach” By The Social Media Giant
I suspect that Elon Musk is falling into a trap set by the current Twitter board. They don't want the takeover and are making the company so unpalatable that Musk will simply take his offer and walk away.

From my point of view, it would be a tragedy if Mr. Musk abandons this purchase and leaves Twitter to continue in their old ways.
 Quoting: Anonymous Coward 73855534


i suspect musk stupidly bought twitter with no plan but just did it off the cuff

some article came out recently saying he does not plan he just does shit based on his gut

I suspect he has buyer's remorse and realizes twitter is a blackhole for cash and does not make profit

maybe he should stick to flamethrowers and tequila and drive in diners
Anonymous Coward
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06/06/2022 02:16 PM
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Re: BREAKING: Elon Musk Threatens To End Twitter Takeover Bid Due To “Material Breach” By The Social Media Giant
He is likely destroying twitter unintentionally. Just awesome! Throw the lot out in the streets.
 Quoting: continuity

have you no clue? He's doing exactly what is in his beas interests, buying twitter for a penny on the dollar and insuring his buyout with contractual obligation legal devices twitter can't escape without market shareholder disapproval and market stock price collapse. He's gonna make a killing once he takes it private and owns >80 percent. rockon
 Quoting: Anonymous Coward 83561150


how does one make a killing on twitter which makes no profit?

"Why Twitter is Still a Lousy Investment

Real Money's Jim Collins ponders a barely profitable company with a $43 billion market cap."


[link to www.thestreet.com (secure)]

"10 years later, Twitter still isn't close to making money"


[link to money.cnn.com (secure)]
F##king Dog Butter

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06/06/2022 02:16 PM

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Re: BREAKING: Elon Musk Threatens To End Twitter Takeover Bid Due To “Material Breach” By The Social Media Giant
The people who think twitter is worth anything at all, only believe so because the user numbers are fictional multiples of the true user base. Folks forget about how quick AOL and MySpace or Nortel or SUN disappeared...and all those huge entities (that don't or barely even exist anymore) actually had some sort of underlying business. It won't take years for something as big as twitter to disappear like a fart in a fan factory. Once everyone knows that the entire platform is mostly bots arguing or agreeing with themselves, people will disengage from it out of embarrassment that they ever participated at all.





GLP