The sale of Twitter to Musk will be put to vote by Twitter shareholders by August.
Twitter’s senior executives informed staff on Wednesday that the social media firm aims to have a shareholder vote on its $44 billion sales to Elon Musk by early August, as it continues to work “constructively” to close the transaction with the world’s richest person.
Musk’s attorneys informed Twitter on Monday that if the business fails to produce the data he wants on spam and false accounts, he may walk away from the deal. Twitter’s senior executives informed staff on Wednesday that the social media firm aims to have a shareholder vote on its $44 billion sales to Elon Musk by early August, as it continues to work “constructively” to close the transaction with the world’s richest person.
Musk’s attorneys informed Twitter on Monday that if the business fails to produce the data he wants on spam and false accounts, he may walk away from the deal.
According to the sources, Twitter sells this data to social media monitoring businesses as part of its licensing business but will provide it to Musk for free as part of the information exchange. According to the sources, the firehose does not contain proprietary information such as Twitter users’ private information or how often they authenticate their accounts.