Twitter to hold shareholder vote on Musk’s $44 billion deal

• The shareholder vote is expected by early August

Twitter Inc (NYSE: TWTR) plans to hold a shareholder vote of the social media platform’s sale to billionaire Elon Musk by early August, company's top executives told employees on Wednesday.

Reuters reported that Twitter is sharing information with Musk including “firehose,” which contains information about tweets such as devices of users or profiles of accounts that publish tweets.

Elon Musk on Monday warned that he might terminate the $44 billion offer to acquire Twitter if the social media company failed to provide data on spam and fake accounts.