Twitter is bowing to pressure from Elon Musk and could give him access to his data as early as this week.
Twitter is giving in to the pressure that Elon Musk is imposing for the purchase of the platform and would be about to give the tycoon access to confidential information.
The report comes from The Washington Post, who points out that the platform wants to give Elon Musk access to the internal information so that you resolve once and for all the doubts you have about bot or fake accounts.
Musk initially waived his right to review Twitter’s finances before buying the company. However, the billionaire’s purchase agreement states that if he can prove that Twitter misled him, he can back out of the deal.
Bots, the purchase ordeal
This week, the Twitter purchase process was radically paused after Elon Musk’s legal office threatened to terminate the purchase of the social network due to “frustration” of not obtaining real data on how many fake and spam accounts there are. in the social network.
Twitter released a statement Monday saying it “has shared and will continue to cooperatively share information with Mr. Musk to consummate the transaction in accordance with the terms of the merger agreement.”
“We believe this deal is in the best interest of all shareholders. We intend to close the transaction and enforce the merger agreement at the agreed price and terms,” the statement read.
The Washington Post reported that Musk could receive access to internal data as early as this week.
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Colin has been working in the business industry for quite a sometime and he recently made the decision to become a full-time business journalist. At Daily Research News, he also helps us take care of the business writing.