The Washington Post reported Wednesday that the company plans to comply with Musk's demand for user data.
According to a person familiar with the company, the board will give access to its full 'firehose' of internal data in order to comply with Musk's demands.
When contacted by Ars today, the company pointed out that it has and will continue to share information with Mr. Musk to complete the transaction.
It's not clear whether Musk has to give all the user data. The Post report came two days after Musk's legal team sent a letter to the company accusing it of violating the merger agreement by refusing to give the data behind its estimates.
AdvertisementIf Musk's real goal is getting out of the $44 billion purchase deal, then giving him the requested data would be a bad idea. It would undermine Musk's claim that there was a violation of the agreement.
The data could be given to Musk as soon as this week. Some two dozen companies pay for access to the trove, which includes not only a real-time record of tweets but the devices they use, as well as information about the accounts that send them.
The clause in the merger agreement that says he is entitled to information "for any reasonable business purpose related to the consummation of the transaction" is what caused Musk to waive business due diligence on his part.
If the merger agreement isn't complied with, Musk has the right to end it. In order to get financing and prepare for the ownership transition, Musk needs a complete and accurate understanding of the active user base, according to the letter.
According to the letter from Musk's legal team, Mr. Musk is suspicious that the company is withholding the requested data due to concern for what he will uncover.
All Rights Reserved © 2024
