Musk accuses Twitter of withholding data, says may withdraw takeover bid

Tesla Chief Executive Elon Musk threatened to withdraw his bid for Twitter, saying Monday the social media company was flouting its obligations to provide required data on fake accounts.

Twitter has committed “a clear material breach” of its “obligations under the merger agreement and Mr. Musk reserves … his right not to consummate the transaction and his right to terminate the merger agreement,” according to a document filed with securities regulators.