Twitter deal could move ahead with 'bot' info, Musk says

news By Hemaja Burud techbugfix.com When Musk agreed to the April merger agreement, he gave up his right to additional due diligence.

Elon Musk stated that his $44 billion acquisition of Twitter should proceed if clarify specifics of how it determines whether accounts are owned by " bots" or by actual people.

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The social networking business was forced to file a lawsuit against the billionaire CEO of Tesla last month after he tried to renege on his April purchase agreement.

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Musk countersued, alleging that Twitter had misled his team about the size of its user base and other issues that amounted to contract fraud and fraud by false representation.

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Musk tweeted, "If Twitter just discloses their method of sampling 100 accounts and how they're proven to be real, the purchase should proceed on original terms." "

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Both parties are preparing for a trial in a Delaware court in October. But it shouldn't if it turns out that their SEC filings are demonstrably untrue.

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Less than 5% of user accounts are believed to be spam, while the corporation has frequently informed the Securities and Exchange Commission that this number be higher.

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His counterclaims are characterised as "an invented scenario contradicted by the evidence and plain sense" in a court document filed on Thursday.

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"Musk fabricates claims Twitter never made and then attempts to use, selectively, the vast amount of confidential information "

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