Withdrawal of Twitter acquisition by American entrepreneur Elon Musk.
Twitter sent a letter to Mr. Musk stating that the withdrawal was invalid and unjustified, asking him to complete the acquisition under an agreement.
Elon Musk, CEO and entrepreneur of American electric car maker Tesla, has agreed to buy Twitter, a major social media company, for a total of $ 44 billion and about 6 trillion yen in Japanese yen this month. I told the company that I would withdraw on the day.
In response, Twitter sent a letter to Mr. Musk stating that the withdrawal was invalid and unjustified, it was revealed in a document released by the Securities and Exchange Commission on the 11th.
Musk cites Twitter's withdrawal as a serious breach of contract over providing information on the number of fake accounts involved in calculating corporate value.
In response, Twitter claims that it has not made any violations and demands that the acquisition be completed under agreement in a letter.
It is also expected to file a proceeding with a court in eastern Delaware to carry out the acquisition.
Mr. Musk posted with a photo of himself laughing for the first time since he announced the withdrawal on the 10th, "Finally Twitter has to reveal fake account information in court," ironically the company's response. I criticized it with.