The social media company will provide Musk with access to a stream of data comprising more than 500 million tweets posted every day, the Washington Post reported
Recently, Musk had noted that his electric vehicle company would be reducing its salaried headcount by 10 per cent as the company has become overstaffed in some areas.
Says Twitter breaching merger agreement by not giving details on bot accounts
This is the first time Musk has threatened to walk away from the $44-bn deal in writing as opposed to airing it on Twitter's social media platform
Elon Musk said that total headcount will increase over next 12 months, but number of salaried staff should be little changed, backtracking from an email saying that job cuts of 10% were needed
Earlier this week, Musk gave an ultimatum to Tesla employees to either return to office or get out, saying they "should pretend to work somewhere else" if they disagree with the company's policy
Musk's recent demand that all Tesla Inc. employees get back to their desks or find work elsewhere has made him the latest figurehead of the return-to-office movement
Twitter said the waiting period for the deal has expired under the HSR (Hart-Scott-Rodino Antitrust Improvements) Act in the US
US President Joe Biden wished Elon Musk "lots of luck" for his trip to the Moon, as the Tesla CEO expressed "super bad feeling" about the economy and decided to cut its workforce by 10 per cent
Lloyd Blankfein's comments came the same day that Elon Musk said Tesla Inc. will cut its salaried workforce by 10%.
Two weeks ago Elon Musk signaled Tesla Inc. was staying in the fast lane. Now he's tapping the brakes
Tesla employed around 100,000 people at end of 2021. Musk warned staff on Tuesday to return to office or leave.
The Nasdaq Composite was down 207.54 points, or 1.68%, at 12,109.36
Completion of the deal is now subject to remaining customary closing conditions, including approval by Twitter stockholders and the receipt of applicable regulatory approvals, Twitter said.
Tesla CEO Elon Musk said he had a "super bad feeling" about the economy and that the electric carmaker needed to cut staff by around 10%
The IG Metall union in Berlin-Brandenburg-Sachsen, where Tesla's plant is located, said it would support any employee who opposed Musk's ultimatum
Elon Musk weighed in on the return-to-office debate on Twitter by elaborating on an email he apparently sent to the electric-car maker's executive staff
Elon Musk is banking upon SpaceX's next-generation Starship rocket in order to send next-generation Starlink 2.0 satellites into orbit to beam affordable Internet services
Elon Musk again criticised US President Joe Biden, saying that he will vote for the Republican Party in midterm elections in November as Democrats are attacking him and his companies from all sides
Tesla and spaceX CEO Elon Musk has topped the list of the most highly compensated CEOs on the Fortune 500 in 2021.