Twitter’s board of directors unanimously recommended on Tuesday that shareholders vote “in favor” to approve the $44 billion acquisition of Elon Musk, as reported to the U.S. Securities and Exchange Commission (SEC for English acronym).

Twitter is now one step closer to approving the deal announced by the world’s richest man in April.

• The ‘fake users’ issue prevents Twitter from being purchased

If the deal goes through, shareholders will receive $54.20 for each share of the company, a substantial premium over the $39.31 share price Twitter traded before Musk began phasing out the company. Twitter announced its first 9% acquisition. in the company.

unresolved issues

The boss confirmed this Tuesday from Doha that there are still “unresolved issues” to complete the Twitter acquisition, confirming that this process will not cause problems with China, a major market for his company Tesla.

Since Tesla CEO and SpaceX’s agreement with Twitter in April, Musk has accused the company of failing to honor its data request regarding spam accounts.

Estimating that more than 5% of its daily active users are not bots, Twitter said it will continue to share information with Musk and plans to enact the merger agreement.

Musk may renegotiate with Twitter

Musk may be looking to renegotiate with Twitter later on, after his team has analyzed the data provided by the social network.

Also, the social network has the right to sue you for complying with the current contract.

At a meeting attended by the company’s more than 7,500 employees last week, Musk answered questions about freedom of expression, online content moderation, inclusion and diversity measures, remote work and possible layoffs.