Elon Musk threatened or canceled to buy Twitter worth USD 44 billion which was agreed in April, the reason is because Twitter is considered to have failed to provide information related to spam / fraudulent accounts.
Musk's legal team claims Twitter does not provide information about bot problems on its platform. "Mr Musk believes the company is actively denying and curtailing its information rights (and company-related obligations) under the merger agreement," the letter said.
As a result, Twitter was willing to meet Elon Musk's demands to open their internal data center. The unnamed source is aware of negotiations that say Twitter's board has decided to let Musk access a "firehouse" containing internal data with hundreds of millions of tweets posted daily on Twitter.
"This will end a major stalemate between Musk and the board of directors in the acquisition process," said Wedbush analyst Dan Ives.
Previously, Twitter claimed that the number of bot accounts on their platform was less than 5% of the total number of users. But Musk cast doubt on the claims and decided to suspend the agreement until Twitter proved the accuracy of the figures.
However, according to a Washington Post report, about two dozen companies have paid to access Twitter's vast internal dataset, which includes a log of shared tweets including information about the account and the device used to activate it.
Twitter's top legal official has informed employees that to continue the process, a special shareholder vote will take place.
Voting is done to find out whether shareholders will approve the purchase agreement can be held at the end of July or early August or not.
But after the purchase approval, Musk made a fuss about fake accounts in mid-May. In a tweet he threatened to cancel the transaction if his concerns about fake accounts were not addressed.
Some observers have seen Musk's move about Twitter bots intending to lower Twitter's purchase price, thereby deliberately raising the issue. Currently, Twitter's stock price has fallen to USD 39 per share, even though Elon agreed to buy at USD 44 billion.