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Source: http://www.mashable.com
Mashable: If Twitter doesn't comply, Musk says he has the "right to cancel the merger agreement" in his letter.
According to a new report on Wednesday, Twitter now intends to cooperate with Elon Musk's demand for user data in order to evaluate whether the company's bot counts and predictions are correct.
In an effort to end a weeks-long deadlock, Twitter's board plans to comply with Elon Musk's demands for internal data by offering access to its full "firehose," the massive stream of data consisting of more than 500 million tweets posted each day, according to a person familiar with company thinking.
"Twitter has and will continue to cooperatively share information with Mr. Musk in order to conclude the acquisition in accordance with the terms of the merger agreement," the company said in a statement on Monday, when Ars asked about the Post claim.
It's debatable whether Twitter must provide all of its user data to Musk. Just two days before, Musk's lawyers wrote to Twitter, alleging that the social media giant had breached the merger agreement by refusing to share the data underpinning its spam estimates.
If Twitter doesn't comply, Musk says he has the "right to cancel the merger agreement" in his letter. In order to secure funding and prepare for the ownership transition, Musk, according to the letter, has to have a "full and correct grasp of the fundamental basis of Twitter's business model—its active user base.
Musk feels that Twitter is refusing to comply with its responsibilities under the merger agreement, which raises the assumption that the firm is withholding requested data out of worry for what Mr. Musk's own examination of the data would discover, according to the letter from Musk's legal team.
If Musk's purpose is to break out of the $44 billion acquisition agreement, Twitter providing him with the desired information might be detrimental to him. It would undermine Musk's contention that Twitter breached the merger agreement, and Twitter is certain that its estimate is right.
As early as "this week," the Post said, Twitter might furnish Musk with the data. "Currently, around two dozen corporations pay for access to the database, which includes not just a real-time record of tweets but the devices they tweet from, as well as information about the accounts that tweet."
Musk's offer to purchase Twitter eliminated "business due diligence," but he believes Twitter must supply the requested data since a section in the merger agreement says he is entitled to information "for any legitimate business purpose relevant to the closing of the deal."
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