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Tesla and SpaceX CEO Elon Musk signaled he may walk away from his potential $44B acquisition of Twitter, according to a letter sent by Musk’s legal team yesterday (read here). Musk said the company has not provided adequate user data on the platform’s spam and fake accounts, as required by the merger agreement. Twitter has said fewer than 5% of accounts are fake, a claim for which Musk has demanded independent confirmation.

The letter is the latest volley from Musk following his initial April offer. Twitter’s stock has fallen more than 20% in the last month and is about 28% below the buyout price of $54.20 per share. Analysts say Musk has waived his rights to perform due diligence on the company, and the company is unlikely to accept his right to withdraw. See possible outcomes here.

Separately, Texas officials said they would probe the accuracy of Twitter’s bot claims.