With Elon Musk on never enough turns. The boss of Tesla and SpaceX staged a surprise by buying shares in Twitter to become a major shareholder. And whileon offered him place the board of directors of the platform, which rejected this proposal, car son the goal is not to become a mere shareholder, but to buy Twitter. After a short wait, Elon Musk and Twitter reached an agreement to acquire the network. social at $44 billion. However, the completion of this transaction is not a mere formality. In May, Elon Musk announced the suspension of the takeover project. Reason: The billionaire wanted to check the number of fake accounts and spam on the platform. And in June, according to an article in the Washington Post, Twitter would eventually give its data to Elon Musk so he could check these fake accounts and spam. Unfortunately, the agreement is now under “serious threat,” according to a new article published by the Washington Post, citing people familiar with the matter. Indeed, according to this article, the Elon Musk team would put an end to certain discussions about the financing of the acquisition (indeed, Elon Musk does not finance the project alone). Also, according to the Washington Post, Musk’s team would have expressed doubts about Twitter data on the number of spam and fake accounts. He would also decide that he didn’t have enough information to evaluate Twitter’s prospects as a company.
So the deal won’t go through?
At the moment, on don’t know. Wall Street Journal sources nonetheless point out that, having concluded that he can’t verify Twitter data on fake accounts and spam, the Musk camp is preparing to make a decision (but on don’t know which one). In any case, getting out of the agreement will not be easy for Elon Musk. The latter undertakes to finalize the agreement, unless there is a serious problem affecting the activities of Twitter. And it would be a little probable that this problem of bots and fake accounts could fall into that category. Moreover, even if the judge authorizes Musk to withdraw from this agreement, Twitter will have to pay $ 1 billion for this. From son side, the microblogging platform still wants redemption. Asked by the Washington Post, she simply recalled a statement made in June: “Twitter has and will continue to share information with Mr. Musk to complete the transaction in accordance with the terms of the merger agreement. We believe that this agreement is in the interests of all shareholders. We intend to complete the transaction and implement the merger agreement at the agreed price and on the agreed terms. As for bots, Twitter has already explained comment it evaluates their proportions on the platform. Every three months, he takes a sample of daily monetized users and analyzes this sample before counting bots. And Twitter claims that the number of bots never exceeded the 5% threshold during these analyses.
