24/7 Cryptocurrency News

Breaking: Twitter Finally Obliges Elon Musk Demand In Takeover Deal

Musk’s demand for internal data and offering access to its full firehose is likely to be provided as part of the Elon Musk Twitter takeover.
Published by
Breaking: Twitter Finally Obliges Elon Musk Demand In Takeover Deal

According to a report by Washington Post, Twitter’s board is planning to comply with Elon Musk’s demands as part of the takeover deal. Musk’s demand for internal data and offering access to its full firehose is likely to be provided as part of the Elon Musk Twitter takeover. Firehose is the massive stream of data comprising more than 500 million tweets posted on a daily basis.

The development comes around 48 hours after Musk updated in an SEC filing about his reservations on the deal. On Monday, Musk had in the SEC filing warned to withdraw from the Twitter takeover deal if the demand was not met. In a letter, the Tesla CEO detailed his reservations on objections to the way Twitter’s handling of fake accounts.

Advertisement

Musk’s Right To Gain Access To Twitter Data

He made it clear that Twitter is required to provide data under Elon Musk Twitter deal agreement. Musk is clearly entitled to the requested data as a prospective owner owner of the social media company, his legal team said.

This is to enable him to prepare for transitioning Twitter’s business to his ownership. Also, to facilitate his transaction financing.

“To do both, Musk must have a complete and accurate understanding of the very core of Twitter’s business model, its active user base.”

Elon Musk Twitter Deal All But Done From Here?

Undoubtedly, the compliance agreement from Twitter could go a long way for Musk’s consideration to close the deal. In fact, his doubts about the proportion of spam and fake accounts was the lone objection he made publicly. If all goes smoothly with respect to providing accounts data and Musk’s evaluation, this is all but a done deal.

In Monday’s letter, Musk’s team said Twitter’s refusal to provide data was causing further suspicion. The company is withholding data due to concern for what Musk’s analysis of data will uncover, it doubted.

Musk believes Twitter is actively resisting and thwarting his information rights under the merger agreement, the letter said. “This is a clear material breach of Twitter’s obligations under the merger agreement.”

Advertisement

Share
Anvesh Reddy

Anvesh reports major crypto updates around U.S. regulation and market moving trends. Published over 1400 articles so far on crypto and blockchain. A proud dropout of University of Massachusetts, Lowell. Can be reached at anvesh@coingape.com or x.com/BitcoinReddy or linkedin.com/in/anveshreddybtc/

Published by
Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Recent Posts

  • 24/7 Cryptocurrency News

Robinhood Outage Reported by Users, HOOD Stock Drops

Crypto exchange Robinhood is currently experiencing an outage, with users reporting issues accessing their accounts.…

October 6, 2025
  • 24/7 Cryptocurrency News

Tom Lee’s BitMine Adds $820M Worth of Ethereum as ETH Rebounds

BitMine Immersion Technologies chaired by Fundstrat’s Thomas “Tom” Lee, has accumulated roughly $820 million in…

October 6, 2025
  • 24/7 Cryptocurrency News

Crypto Crime Hits $2.47 Billion in H1 2025, With Wallet Hacks on the Rise

The crypto industry has already lost more money in the first half of 2025 than…

October 6, 2025
  • Altcoin News

ASTER Token Rockets Over 10% in an Hour as Binance Announces Spot Listing

Crypto exchange Binance on Monday said it will list next-generation decentralized perpetual exchange Aster's crypto…

October 6, 2025
  • Altcoin News

Whale Dumps Massive $55 Million in XRP to Ripple as Coin Falls Below $3?

A whale alert regarding a massive $55 million XRP transfer to a Ripple wallet sparked…

October 6, 2025
  • 24/7 Cryptocurrency News

Aster Token Crashes 10% On DEX Integrity Issues Ahead of Airdrop, What’s Happening?

BNB-based decentralized exchange (DEX) Aster has come into the limelight recently, this time facing integrity…

October 6, 2025