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Twitter Plans To Hold Shareholder Vote On Elon Musk's $44B Buyout

MerriZpu514799956 2022.06.29 08:38 조회 수 : 2

Twitter anticipates holding a shareholder vote on its $44 billion sale to Elon Musk as soon as early August, the social media company's top executives told employees on Wednesday. 

Musk's lawyers warned Twitter on Monday that he might walk away from the acquisition if the company fails to provide the data he seeks on spam and fake accounts, but the social media firm appears to be intent on executing the sale. 

A Twitter spokesperson referred DailyMail.com to an earlier company statement saying that the company plans to fully enforce the terms of the April 25 contract Musk signed to buy the company at $54.20 per share.

'We believe this agreement 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 said. 

Despite Musk's threats to walk away, Twitter has the option of taking him to court if he refuses to follow through on his agreement to buy the company. 

The outcome of such a move is unclear, as Musk could make various arguments about why he is not bound to carry out the agreement. 

Twitter CEO Parag Agrawal (left) plans to comply with Elon Musk's demand for data on fake accounts and will unleash its full data stream on the billionaire, american pride books conservative book list according to a new report

Shares of Twitter rose in afternoon trading after the report, which bolstered sentiment that the deal would be consummated

'Twitter has and will continue to cooperatively share information with Mr.

Musk to consummate the transaction in accordance with the terms of the merger agreement,' the company said. 

Part of that data is the so-called 'firehose,' a data set comprising all tweets on the platform analyzed by different parameters, such as devices of users or profiles of accounts that publish tweets, according to people familiar with the matter.

Twitter sells this data to social media monitoring companies as part of its licensing business but plans to furnish it to Musk for free as part of the information exchange, american pride books conservative book list the sources said. 

The firehose does not contain confidential information, such personal details of Twitter users that are not public or how often they verify their accounts, the sources added.

The firehose, which is currently available to a handful of companies for an undisclosed subscription fee, best conservative books could be released to Musk as soon as this week, the reported on Wednesday. 

Shares of Twitter rose 1.6 percent in afternoon trading after the report, which bolstered sentiment that the deal would be consummated.

The firehose, which is rumored to cost hundreds of thousands per month for the handful of companies that pay for access, consists not only of all real-time tweets, but information about the user accounts and devices they are issued from.

Meanwhile, a new study suggests that about 10 percent of Twitter 's active accounts are posting 'spam content'.

London-based data analytics firm GlobalData said in a report on Wednesday that its mathematical model found that spam accounts are roughly double the 5 percent share claimed by Twitter.stacks-of-hardback-books.jpg?width=746&f

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