Official Letter Is The Strongest Sign Yet Elon Musk Is Prepared To Walk Away From Twitter Deal

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ValueWalk

“This is a move Twitter Inc (NYSE:TWTR) investors have for weeks been steeling themselves for, the moment when Elon Musk’s haphazard ruminations in tweets have been distilled into an official letter to regulators. By openly accusing Twitter of breaching the merger agreement by not providing data on bots and fake accounts, it’s the strongest signal yet that the Tesla founder is prepared to walk away from the $44 billion deal. The takeover was always destined to be a bumpy ride, and this is a deep pothole to navigate for both sides, reflected in Twitter’s further 3% decline. Q1 2022 hedge fund l…

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