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Mr Musk

Elon Musk has subpoenaed a Twitter Inc. whistleblower, seeking documents and communications on the company's spam and alleged security vulnerabilities as the billionaire battles to end his agreement to buy Twitter for $44 billion, according to a court filing on Monday. Mr. Musk sought information from whistleblower Peiter Zatko mostly about the way Twitter measures spam accounts. But Mr. Musk …

In the latest twist in the Twitter-Elon Musk saga, the company has sued the billionaire Tesla CEO in an attempt to force him to complete his US$44 billion takeover. Twitter claims in a lawsuit filed on Tuesday in Delaware that Mr Musk's "outlandish" and "bad faith" actions have caused the social media platform irreparable harm and sunk its stock price. …

Elon Musk, the chief executive officer of Tesla and the world's richest person, said on Friday he was terminating his $44 billion deal to buy Twitter. “We are committed to closing the transaction on the price and terms agreed upon with Mr. Musk and plan to pursue legal action to enforce the merger agreement,” Twitter said in a statement. “We …

Tesla chief Elon Musk has pulled the plug on the $44 billion Twitter deal because the social media company failed to provide information about fake accounts, reported news agency Reuters. The Twitter Board is committed to closing the transaction on the price and terms agreed upon with Mr. Musk and plans to pursue legal action to enforce the merger agreement. …

Elon Musk announced he will walk away from his tumultuous $44 billion offer to buy Twitter, leaving the deal on the verge of collapse. We are confident we will prevail in the Delaware Court of Chancery.” Twitter could have pushed for a $1 billion breakup fee that Mr. Musk agreed to pay under these circumstances. Mr. Musk’s lawyer Mike Ringler …

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 and fake accounts on the social-media platform. Mr. Musk said Twitter has refused to provide the data necessary for Mr. Musk to facilitate his own evaluation of the number of …

Sign up to our free weekly IndyTech newsletter delivered straight to your inbox Sign up to our free IndyTech newsletter Sign up to our free IndyTech newsletter SIGN UP I would like to be emailed about offers, events and updates from The Independent. Last week, Mr Musk announced that his proposed takeover of the social media platform was “on hold” …

Mr Agrawal

Twitter Inc CEO Parag Agrawal on Monday tweeted that internal estimates of spam accounts on the social media platform for the last four quarters were "well under 5%," responding to acquirer Elon Musk's criticism of the company's handling of phony accounts. Mr. Musk, who on Friday said his $44 billion deal to buy Twitter was "temporarily on hold" pending information …

Elon Musk has raised the prospect of a renegotiation in his takeover of Twitter, saying a deal at a lower price would not be “out of the question”, amid a row on how the company is tackling spam bots with Parag Agrawal, the platform's chief executive. That concern has grown over the past week after Mr Musk, the world’s richest …

Twitter Mr Musk

Elon Musk on May 13 put his $44-billion deal for Twitter Inc temporarily on hold, citing pending details in support of calculation that spam and fake accounts indeed represent less than 5% of users. Shares of the social media company fell 17.7% to $37.10 in premarket trading, their lowest level since Mr. Musk disclosed his stake in the company in …

Elon Musk has put his $44bn takeover of Twitter “on hold” amid concerns over fake accounts in a move that wiped billions of dollars off the social media behemoth's share price. Mr Musk, who has 92m followers on the site, said in a tweet: “Twitter deal temporarily on hold pending details supporting calculation that spam/fake accounts do indeed represent less …