On August 8, Elon Musk was reported to proceed with the Twitter acquisition on the previously agreed terms if the company provides its method of account confirmation. Earlier, Musk pulled out of the deal. Then he wrote on Twitter that the deal should proceed on original terms “if Twitter simply provides their method of sampling 100 accounts and how they’re confirmed to be real.” In early July, the CEO of Tesla refrained from buying Twitter as the social media platform representatives breached the agreement and failed to provide the entrepreneur with details about how the company measures whether user accounts are “spam bots” or real people. Notably, the deal was estimated at $44 billion. In late July, Twitter filed a lawsuit against Elon Musk, accusing him of walking away from the merger deal and claiming associated costs. The social media management will force Musk to complete the acquisition by a court’s decision. However, the businessman countersued, accusing Twitter of “misrepresentations or omissions” that distorted the company’s value and caused him to agree to buy it at an inflated price.
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