Elon Musk says Twitter is in ‘material breach’ of merger agreement

Elon Musk says Twitter is in ‘material breach’ of merger agreement

Tesla CEO Elon Musk is raising another obstacle in his $44 billion bid to buy Twitter (TWTR).

In an SEC filing released Monday morning, Musk’s counsel said Twitter has not coughed up adequate data on the company’s users, committing a “clear material breach” of the company’s obligations as part of its merger agreement.

“Based on Twitter’s behavior to date, and the company’s latest correspondence in particular, Mr. Musk believes the company is actively resisting and thwarting his information…


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