Twitter’s board has finally given in: it now plans to give Elon Musk access to the mountains of data needed to answer his questions about the number of fake accounts, according to the Washington Post.
Also read: Elon Musk, a genius turned toxic
On Monday, the Tesla boss threatened in an official document to withdraw his offer to acquire the social network, which he said was “actively resisting” his requests for information on spam and robotic accounts, which the platform refuted.
But the California group’s board is expected to provide the billionaire with “a stream of data that includes some 500 million tweets a day,” perhaps as early as this week, according to an article in the American daily Wednesday. they Washington Post bases this information on an anonymous source, aware of the negotiations. Contacted by AFP, Twitter declined to comment.
The vote on the acquisition is expected in late July or early August
Elon Musk filed a $ 44 billion buyback offer on Twitter in April, after many twists and turns from his entry into the capital, which took shareholders by surprise, to his many highly critical social media posts.
In mid-May, he announced the suspension of the agreement with the board (before reaffirming his intention to buy the platform), raising doubts about the data transmitted by Twitter on spam and fake accounts, as well. than on the measures taken to limit its proliferation.
Also read: Elon Musk is threatening to withdraw his Twitter takeover bid
A San Francisco-based company lawyer told employees Wednesday that the transaction was still ongoing, and that shareholders’ vote to approve the acquisition would take place in late July or early August, according to the agency. Bloomberg press.
The repurchase agreement obliges the contractor to complete the transaction, unless he can prove that the social network has deceived him or that a major event does not change its value. Both sides have pledged to pay up to $ 1 billion in severance pay in some circumstances.
A dead end
Twitter estimates that the number of fake accounts and spam on the social network accounts for less than 5% of its daily active users. But Elon Musk says the platform’s methodology is “inadequate” and that it must conduct its “own analysis.”
If the board gives him access to all the information, “it will put an end to this major impasse,” analyst Dan Ives said on Twitter.
On the New York Stock Exchange, Twitter stock was hovering around $ 40 on Wednesday, far from the $ 54.20 price offered by the world’s richest man in April.
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