Twitter and Musk "broke up" to tear their faces, and the disclosure document refers to Musk lying

Author:Pole news Time:2022.08.05

Jimu Journalist Song Qingying

According to the Guardian, on August 4, local time, a document announced that Musk claimed that the reason for the withdrawal of the acquisition agreement was to "make up the story". Personal wealth shrinks and deliberately escapes the transaction.

Last month, after Twitter sued Musk to continue to perform the acquisition agreement, Musk filed a counterclaim, saying that "there is a legitimate reason" in the court to withdraw from the acquisition plan.

Musk claimed that Twitter concealed the real data on the false account on the platform and said it was why he gave up the transaction. Twitter once claimed that the number of false accounts for the platform of 200 million users accounted for less than 5%, but Musk insisted that the actual data was higher.

According to the document announced by Twitter, Twitter responded that Musk's reason was "contradictory with evidence and common sense", and he selectively used a large amount of confidential data provided by Twitter to support his arguments.

At the same time, Musk accused Twitter accusing Twitter from providing information to him and violating the agreement between the two parties, but Twitter denied it. According to reports, if there is a violation of the agreement between Twitter and Musk, one party will have the right to obtain a "breakup fee" of $ 1 billion in the breach of contract. Twitter accused Musk of "changing the law" to evade the acquisition agreement without punishment.

In April of this year, the world's richest man Musk agreed to acquire Twitter at a price of $ 54.20 per share, with a total transaction value of $ 44 billion. But Musk said in July that he wanted to withdraw from the transaction and triggered a current legal dispute.

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