Elon Musk warned he might stroll away from his $44 billion (roughly 3,41,800 crore) deal to accumulate Twitter if the social media community fails to offer information on spam and pretend accounts, the billionaire stated in a letter to the corporate on Monday.

The letter stated Twitter was in a “clear material breach” of its obligations and that Musk reserves all rights to terminate the merger settlement.Earlier in March, Musk stated he would put the deal “temporarily on hold”, whereas he waits for the social media firm to offer information on the proportion of its pretend accounts.

“Musk believes Twitter is transparently refusing to comply with its obligations under the merger agreement, which is causing further suspicion that the company is withholding the requested data due to concern for what Musk’s own analysis of that data will uncover,” in keeping with the letter.

“Musk believes the company is actively resisting and thwarting his information rights,” the letter by Musk’s legal professionals stated.

Twitter shares have been down 5.5 p.c at $37.95 (roughly Rs. 2,900) in premarket buying and selling.

© Thomson Reuters 2022