Elon Musk’s $44 billion Twitter takeover deal draws investor suit over bot account claims
After tech billionaire Elon Musk threatened to blow up the $44 billion buyout over the bot issue, a media report has stated that a Twitter shareholder wants a judge to order the microblogging site to turn over internal papers about spam and fake accounts.
According to Bloomberg, John Solak, who owns five Twitter shares, sued the company in Delaware Chancery Court for records related to discussions between its directors and executives about problems with so-called bot accounts.
This week, the Tesla CEO said that Twitter is violating the terms of his $54.20-per-share offer by refusing to give him more information about how much of the platform’s traffic is driven by fake accounts. He threatened to blow up the deal over the issue.