Twitter is accepting Elon Musk’s request to provide internal data as part of the standoff over the businessman’s controversial $44 billion bid to buy the platform, US media reported on Wednesday.
The news comes days after the Tesla CEO threatened Twitter to pull out of the acquisition deal, accusing the social network of not providing data on fake accounts.
diaries Washington Post Y New York Times Alongside the Axios website, he cited anonymous sources close to the negotiations that the Twitter board decided to give Musk full access to the internal data “hose” with hundreds of millions of tweets posted daily on the platform.
“This will end the biggest standoff between Musk and the board on this important issue that has suspended the deal,” Wedbush analyst Dan Ives said in a tweet.
Twitter’s CEO Parag AgrawalHe said that less than 5% of active Twitter accounts are bots and that this analysis is not copied externally due to data protection policy.
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Elon Musk accused Twitter of withholding information and opened the door to withdraw buy offer
Two dozen companies have already paid for access to Twitter’s huge treasury of internal data, which includes the tweet log and information about the accounts and devices from which the messages were sent, the Post said.
Twitter declined to comment on the information, but defended its spirit of responding to Musk’s suggestions, promising to complete the deal on original terms.
Unpredictable, Musk agreed to buy Twitter for $44 billion in late April.
Twitter’s chief legal officer told employees that a special shareholder vote to approve the purchase could take place in late July or early August, according to Twitter. Bloomberg.
Musk started making a serious noise about fake accounts in mid-May, when he said he would withdraw from the transaction if his concerns were not addressed.
Some analysts saw Musk’s questioning of Twitter as a way to end the buying process or as a way to pressure Twitter to lower the price.
Twitter shares ended Wednesday at just over $40, well below the $54.20 Musk agreed to pay when signing the purchase agreement.
Source: El Nacional
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