Elon Musk on Monday mocked Twitter Inc's (TWTR.N) threat to sue him following his move to abandon the $44 billion takeover deal, tweeting the social media firm would need to disclose more information on bots and spam accounts.
The series of tweets on Monday was Tesla Inc chief's first public response since he made public his intention to ditch the offer on Friday because Twitter had breached multiple provisions of the merger agreement.
"Twitter's board must contemplate the potential harm to its employee and shareholder base of any additional internal data exposed in litigation," Benchmark analyst Mark Zgutowicz said.
Twitter shares fell about 5% to $34.85 in premarket trading on Monday. The stock closed at $36.81 on Friday, a 32% discount to Musk's $54.20 bid, as it faces a double whammy of a slump in the broader equity market and investor skepticism over the deal.
Reuters
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