Twitter Inc. reportedly plans to share a full data stream with Tesla Inc. chief Elon Musk as it looks to secure a closing of their pending merger arrangement, The Washington Post said Wednesday. The data stream includes information all on tweets posted daily and the accounts that send them, and Twitter already provides this sort of data to certain companies that pay for access, according to the report. Musk has agreed to purchase Twitter for $44 billion, but more recently he and his legal representatives have signaled that he could “terminate” the deal given his concerns that Twitter has not been accurate in its disclosures on the prevalence of bot activity on its platform. Twitter declined to comment but referred to a Monday statement that the company “has and will continue to cooperatively share information with Mr. Musk to consummate the transaction in accordance with the terms of the merger agreement.” Twitter shares rose 0.8% on Wednesday.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.