For weeks, the takeover battle has been going on between Twitter and Musk back and forth. Recently the sound had become sharper. According to a media report, the company’s board of directors now wants to comply with the tech billionaire’s requests for information.
Twitter will soon provide Musk with detailed data that will provide information about the number of false accounts with the short message service. That reported the Washington Post
” on Wednesday, referring to informed circles. Musk had made a purchase offer of $ 44 billion for Twitter, but recently threatened to withdraw the offer.
Musk said Twitter was in “clear breach” of its “obligations under the merger agreement.” explained again on Monday. The company “actively” resisted requests for information about fake accounts on the online network. He sees this as a clear violation of the obligations under his takeover bid. From Twitter’s point of view, however, Musk cannot unilaterally put the agreement on hold.
The entrepreneur makes the multi-billion takeover dependent on the number of spam or fake accounts with the short message service. This involves so-called bots: computer programs that use algorithms to interact with users and pretend to be real people. According to Twitter boss Parag Agrawal (38), less than 5 percent of accounts active on Twitter are bots.
However, the methodology used by the platform to capture these fake accounts is not “reasonable,” Musk said. He must carry out his “own analysis”. Some experts see Musk’s probing questions about the bots as a way to prepare for his early exit from the Twitter deal – or to push the takeover price down.
Interesting: Tesla itself is said to have benefited from automated Twitter accounts for years. A study by US researchers shows that which is available to manager magazin
.
Texas Attorney General Joins Musk
Musk was backed by Texas Attorney General Ken Paxton (59), who announced an investigation into Twitter’s information about the number of fake accounts. The company is now asked to provide information on this within three weeks. Republican Paxton has long been at odds with Twitter and other online platforms. He accuses them of suppressing conservative views.
The boss of the electric car pioneer Tesla had previously agreed with Twitter to acquire the company for $54.20 per share. With prices of around 40 dollars per share, however, investors are currently very skeptical as to whether a corresponding transaction will actually take place.
According to Twitter, it assumes that the shareholders will vote on the planned billion-dollar takeover by the beginning of August. This may happen as early as late July, the chief lawyer of the short message service, Vijaya Gadde (48), told employees on Wednesday.
German tech investor finances Twitter deal
Musk’s takeover bid for Twitter is supported by a bevy of well-known investors and well-known Silicon Valley figures. One of the less prominent comrades-in-arms is a German technology investor who is hardly known in this country: Alexander Tamas.
Tamas-founded Dubai-based investment firm Vy Capital has committed $700 million to fund Musk’s bid for Twitter, making it the third-largest outside investor in the potential deal, which also includes Oracle founders and Billionaire Larry Ellison (77) and Sequoia Capital want to get involved. The news agency reports Bloomberg
citing documents filed with the US Securities and Exchange Commission.
Little is publicly known about Vy’s sources of funding or the types of investments the firm makes. The company’s website consists of a single page without an address and contact details. The assets managed by the German-born founder Alexander Tamas add up to more than five billion dollars, according to official documents.