Will DOGE girlfriend and Tesla CEO Elon Musk finally get Twitter? A report by the Washington Post sheds light on this. The Washington Post says the Twitter board is planning to comply with Elon Musk’s requests, as part of the takeover deal.
Did Elon Musk impose his terms on Twitter?
As we have mentioned in the news of Cryptokoin.com , Dogecoin fan Elon Musk’s attempt to take Twitter encountered obstacles. That’s why this issue was dropped from the agenda. According to the news now, there are some developments. Musk requested some data from Twitter. Twitter did not respond to these requests.
However, according to the new development, Elon Musk’s request for internal data was accepted. Also, Twitter will provide full access to Firehose, possibly as part of the Elon Musk Twitter takeover. Firehose is a massive stream of over 500 million tweets sent daily.
The development came roughly 48 hours after Elon Musk updated his reservations about the deal in an SEC filing. On Monday, Elon Musk warned of withdrawing from the Twitter takeover deal if the SEC filing didn’t meet the demand. In a letter, the Tesla CEO detailed his reservations about objections to the way Twitter handles fake accounts.
Elon Musk’s access to twitter data
Elon Musk has made it clear that Twitter must provide data under the agreement. Also, the legal team says that Musk, as the prospective owner of the social media company, is clearly authorized to the data requested. This is necessary to ensure that Elon Musk is prepared to take over Twitter. Also important to facilitate transaction financing. The legal team points out:
Elon Musk wants to do both. This includes getting full and accurate information about the active user base, which is the core of Twitter’s business model.
Did Elon Musk make his Twitter deal here?
Of course, Twitter’s compliance agreement is demanding. However, there may still be a long way to go for Elon Musk to consider closing the deal. In fact, his skepticism about the rate of spam and bot accounts was his only public appeal. If Twitter provides account data and all goes well in terms of Elon Musk’s assessment, it’s almost a done deal.
Elon Musk’s team provided information on Monday’s letter. The team said Twitter’s refusal to provide data has caused further suspicion. The team suspects that the company is worried about the implications of Elon Musk’s data analysis and therefore withholds the data.
Elon Musk claims that Twitter actively resists and interferes with information rights under the merger agreement. “This is a clear material breach of Twitter’s obligations under the merger agreement,” Musk says.
