Twitter shareholders support the company’s sale to Musk
- September 14, 2022
- 0
Twitter shareholders have approved Tesla and SpaceX CEO Elon Musk’s bid to buy the company for $44 billion. As reported by Ukrinform, this was reported by The Wall
Twitter shareholders have approved Tesla and SpaceX CEO Elon Musk’s bid to buy the company for $44 billion.
As reported by Ukrinform, this was reported by The Wall Street Journal.
The American company said that 98.6% of shareholders support the deal to sell Twitter to Elon Musk, according to preliminary data.
The final distribution of votes will be known later when the company submits documents to the US Securities and Exchange Commission.
Engadget reported that in the special meeting of shareholders, which lasted about seven minutes, the shareholders also accepted the compensation offer that the company executives will receive as a result of the agreement.
The final decision in the dispute between Twitter and Elon Musk will be made by the court in October.
As reported by Ukrinform, Twitter Inc. On Tuesday, July 12, billionaire filed a lawsuit against Elon Musk to force him to complete the previously signed deal to buy the social network for $44 billion. The court must decide whether Musk has sufficient arguments that the social network violated the terms of the agreement so he can reject it.
Photo: Getty Images
Source: Ukrinform
I’m Maurice Knox, a professional news writer with a focus on science. I work for Div Bracket. My articles cover everything from the latest scientific breakthroughs to advances in technology and medicine. I have a passion for understanding the world around us and helping people stay informed about important developments in science and beyond.
