Twitter plans shareholder vote by August on sale to Musk

Twitter Inc (TWTR.N) plans to hold a shareholder vote by early August on its $44 billion sale to Elon Musk

as it continues to work "constructively" to complete the deal with the world's richest person, 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.

Twitter has said it is continuing to share information with Musk.

Part of that data is the "firehose", a 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, 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.

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