Twitter’s board of directors on Tuesday unanimously advised shareholders to vote to approve the $ 44 billion acquisition of Elon Musk.As reported by the United States Securities and Exchange Commission (SEC, its acronym in English).

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

If the operation continues, Shareholders will receive $ 54.20 for each share of the company, a significant bonus on the $ 39.31 share price that Twitter traded before Musk gradually took ownership. Twitter announced its first acquisition in 9% of the company.

This Tuesday, the Doha magnate confirmed There are still “unresolved issues” to complete the acquisition of Twitter And said the process would not create problems with China, its company Tesla’s large market.

Following an agreement between Tesla and SpaceX CEO Twitter in AprilMusk accused the company of failing to comply with his request for data on spam accounts.

For its part, Twitter, which rated that No more than 5% of your daily active users are bots! He said he would continue to share information with Musk and that he intended to enforce the merger agreement.

Musk may still want to renegotiate with Twitter later When your team analyzes the data provided by the social network.

Twitter has the right to sue you for terminating your current contract.

The proportion of fake accounts, spam and bots on the service “remains a very important issue”. Musk said this in an interview with the editor-in-chief BloombergNews, John Mickelwate at the Qatar Economic Forum in Doha. “And, of course, the question arises as to whether the debt part of the round will be assembled and then whether the shareholders will vote for it.”

His lawyer said Twitter should cooperate in providing the requested data so that Musk can provide the debt financing needed to complete the transaction.

Banks, including Morgan Stanley, Bank of America Corp. and Barclays Plc. have pledged $ 13 billion in debt financing to support the purchase of the mask.

The 50-year-old businessman made it clear on the forum that he was thinking about how to improve the service.. He has said he will take responsibility for “product management” on Twitter, as he does at Tesla Inc. and Space Exploration Technologies Corp., although he has no plans to be CEO.

Musk said he does not expect his business operations in China to create problems if he controls Twitter.. Tesla CEO, also the richest man in the world, considers China as a major production base and a growing consumer market for its electric vehicles. Twitter is officially banned in China, but the country uses it to spread its message abroad, sometimes with the help of its own army of spam bots.

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

(According to EFE and Bloomberg)

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