<p>Billionaire entrepreneur Elon Musk has reportedly called a halt on his proposed deal to buy giant social media platform Twitter.</p>
<p>According to a <a href="https://www.sec.gov/Archives/edgar/data/1418091/000110465922078413/tm2220599d1_ex99-p.htm">letter</a> sent by Musk&#8217;s attorneys on Friday — addressed to Twitter&#8217;s Chief Legal Officer Vijaya Gadde — he wanted to call off the deal because officials had not been able to give him the information he needed with regard to the percentage of fake &#8220;bot&#8221; accounts present on the platform.</p>
<p>&#8220;As further described below, Mr. Musk is terminating the Merger Agreement because Twitter is in material breach of multiple provisions of that Agreement, appears to have made false and misleading representations upon which Mr. Musk relied when entering into the Merger Agreement, and is likely to suffer a Company Material Adverse Effect (as that term is defined in the Merger Agreement),&#8221; the letter began.</p>
<p>&#8220;Mr. Musk and his financial advisors at Morgan Stanley have been requesting critical information from Twitter as far back as May 9, 2022—and repeatedly since then—on the relationship between Twitter’s disclosed mDAU figures and the prevalence of false or spam accounts on the platform,&#8221; the letter continued.</p>
<p>Musk has said on several occasions that he would reconsider his initial $44 billion offer if the platform was unable or unwilling to verify the percentage of fake &#8220;bot&#8221; accounts.</p>
<p>&#8220;Notwithstanding these repeated requests over the past two months, Twitter has still failed to provide much of the data and information responsive to Mr. Musk’s repeated requests,&#8221; the letter stated.</p>
<p>According to a <a href="https://www.cnbc.com/2022/07/08/elon-musk-notifies-twitter-he-is-terminating-deal.html?__source=iosappshare%7Ccom.apple.UIKit.activity.PostToTwitter">report from CNBC</a>, Musk&#8217;s original agreement stated that he would still pay $1 billion in the event that he failed to make good on the deal — but it&#8217;s possible that Twitter could still dispute his plan to walk away and attempt to enforce the original deal.</p>
<p><em><strong>This is a breaking news story; refresh the page for updates.</strong></em></p>

<script async src="https://www.instagram.com/embed.js"></script>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
<script async src="https://www.tiktok.com/embed.js"></script><div data-widget-host="revcontent" data-pub-id="165152" data-widget-id="290588"></div><script src="https://delivery.revcontent.com/165152/290588/widget.js"></script>

Elon Musk Blows Up Twitter Deal

CONTINUE READING

Why Trump Might Not Make It To His Son Don Jr’s Wedding

Spencer Pratt Reveals His Political Role Model

WATCH: Suspected Fraudster On The Run After Fourth-Floor Balcony Escape

WATCH: The Moment Police Officer Catches Baby Thrown From Burning Home

One Of America’s Most Dangerous Rescue Missions Is Becoming A Movie

WATCH: Pedestrians Run For Their Lives As Flaming Vehicle Explodes In Massive Cloud Of Smoke

News

Elon Musk

Twitter

A video goes viral showing a baby being refused his mother by two gay "dads". This is just the tip of the iceberg, which is why we will have an important discussion today about surrogacy. 

Hour 1

The Matt Walsh Show

Ep. 1765 - This Video Is One Of The Worst Things I've Seen In A Long Time 

The Strait of Hormuz officially opens for business (kind of), the Pope makes “shocking” comments on immigration, and President Trump promises UFO disclosure at TPUSA. 


The Michael Knowles Show

Ep. 1956 -  Pope Leo's "SHOCKING" Immigration Comments EXPLAINED

A false miscreed has corrupted our leadership class.


The Andrew Klavan Show

Ep. 1275 - Dumb, Dumber and Progressive

President Trump announces a 10-day ceasefire between Lebanon and Israel, a murder-suicide involving former Democratic Lieutenant Governor Justin Fairfax shakes Virginia, and France and Britain hold a conference to secure the Strait of Hormuz – after the Iranian conflict ends. Get the facts first with Morning Wire.

- - -

Ep. 2738

- - -

Wake up with new Morning Wire merch: https://bit.ly/4lIubt3

- - -

Today's Sponsors:

Alliance Defending Freedom - Visit https://JoinADF.com/WIRE or text 'WIRE' to 83848 to learn more.

Pocket Hose - Text MORNING to 64000 to get a FREE pocket pivot and their 10-pattern sprayer with the purchase of ANY size Copper Head hose. Message and data rates may apply.

Morning Wire

U.S. Expands Hormuz Blockade & VA Fairfax Deaths Investigated | 4.17.26

U.S. Expands Hormuz Blockade & VA Fairfax Deaths Investigated | 4.17.26 [Member Exclusive]

A ceasefire goes into effect between Israel and Lebanon, a tragic murder-suicide rocks Virginia, and Dairy Queen deploys AI in the drive-thru. Get the facts first with Evening Wire.
- - -
Ep. 2737
- - -
Wake up with new Morning Wire merch: https://bit.ly/4lIubt3 
- - -
Today’s Sponsor:

Alliance Defending Freedom - Visit https://JoinADF.com/WIRE or text “WIRE” to 83848 to learn more.


Menu

— News —

Elon Musk Blows Up Twitter Deal