Musk formally warns to terminate Twitter deal if fake-account data not provided

• Musk accused Twitter of “resisting and thwarting” his right to information about fake accounts

• Billionaire said he does not believe in Twitter’s “lax testing methodologies” in calculating spam bots

Elon Musk on Monday warned that he might terminate the $44 billion offer to acquire Twitter Inc (NYSE: TWTR) if the social media company failed to provide data on spam and fake accounts.

In a letter to Twitter, the billionaire said that he “believes Twitter is transparently refusing to comply with its obligations under the merger agreement, which is causing further suspicion that the company is withholding the requested data.”