Twitter’s board said that they plan to “close the transaction and enforce the merger agreement” between Elon Musk and Twitter despite the questions swirling around about how many Twitterbots there are on the platform.
In a statement Twitter’s board said “The board and Mr. Musk agreed to a transaction at $54.20 per share. We believe this agreement is in the best interest of all shareholders. We intend to close the transaction and enforce the merger agreement.”
Musk said last week that the $44 billion deal with Twitter was “temporarily on hold” until CEO Parag Agrawal publicly proves that less than 5% of users are bots or spam accounts – which is the number the platform claimed in a recent filing.
Musk saying,
“My offer was based on Twitter’s SEC filings being accurate. Yesterday, Twitter’s CEO publicly refused to show proof of <5%. This deal cannot move forward until he does.”
Reports are coming in that upwards of 65% of Twitter users are actually TwitterBots or Spam Bots
