Billionaire owner of electric car manufacturer, Tesla and SpaceX, Elon Musk, has threatened he could end his $44 billion agreement to buy up social media giant, Twitter, after he accused the accusing the company of refusing to give him information about its worrying spam bot accounts.

Musk’s lawyers made the threat in a letter to addressed to Twitter Monday, June 6, 2022, noting that the social platform had failed to disclose the spam issues in a filing with the US Securities and Exchange Commission.

The letter says despite Musk repeatedly asked for the information since May 9, which was about a month after his offer to buy the company so he could evaluate how many of the company’s 229 million accounts are fake, the company owners had refused to reveal the bot accounts.

The lawyers say that based on Twitter’s latest correspondence, Musk believes the company is resisting and thwarting his information rights under the April merger agreement.

“This is a clear material breach of Twitter’s obligations under the merger agreement and Mr. Musk reserves all rights resulting therefrom, including his right not to consummate the transaction and his right to terminate the merger agreement,” the letter says.

The Twitter sale agreement allows Musk to get out of the deal if there is a “material adverse effect” caused by the company and also defines that as a change that negatively affects Twitter’s business or financial conditions.

As a result of the threat which was also shared on Twitter, shares of the slid more than 3% Monday.

Last month Musk had announced that he was putting the deal on hold due to the same spam account issues but experts are of the opinion that if he walks away, he could be made to part with as much as $1 billion as a breakup fee.

The bot problem is a longtime fixation for Musk, one of Twitter’s most active celebrity users, whose name and image are often used by the fake accounts promoting cryptocurrency and other scams.