Twitter Deal on the Brink? Elon Musk Threatens Termination Over Spam Account Data

The acquisition of Twitter by Elon Musk is facing serious uncertainty. Elon Musk is threatening to terminate his deal to buy Twitter, even though he signed a contract saying he would, with his lawyer alleging that the social media giant is not complying with his demands. At the heart of the dispute: information about spam and fake accounts.

Elon Musk alleges Twitter breaches merger agreement. Musk said he believes Twitter is breaching their merger agreement by not providing information about spam and fake accounts that the billionaire has demanded. This isn't a new concern. In recent weeks, Mr. Musk has threatened to put the Twitter deal “on hold” over its number of fake accounts. Last month, he tweeted that “the deal cannot move forward.” He later cited Elon Musk has been flagging the Twitter bot figures as a reason to end his deal to buy the company.

The sticking point: Spam and fake accounts. Elon Musk is threatening to pull out of his deal to acquire Twitter alleging that the company has failed to disclose the number of spam and fake accounts on the platform. Musk said on Tuesday his deal for Twitter Inc will not move forward until the company's chief executive officer publicly shows the proof that it has less than 5%.

Elon Musk threatened to terminate his deal to buy Twitter Inc. in a letter accusing the company of not complying with his request for data on the number of spam. This comes after Twitter's unending fight against spam accounts is now a problem for new owner Elon Musk, who pledged in April to defeat the bot scourge or “die trying!”

Legal Scrutiny Intensifies. The Texas attorney general has launched an investigation into, further complicating the already tense situation. The deal hangs in the balance as negotiations continue, but the lack of transparency regarding spam accounts may ultimately prove fatal to the acquisition.