Twitter on Tuesday said an initial count showed shareholders endorsed Elon Musk’s proposed $44 billion (€44 billion) buyout of the social media platform.
Although the deadline for the shareholder vote on the deal was set for Tuesday, it is believed that enough investors had voted by Monday evening for the outcome to be certain.
Musk has told Twitter he does not plan to go ahead with the acquisition, arguing he was misled over the number of fake accounts on the platform.
The company has sued Musk to complete the deal, with a hearing set for October. Lawyers for Twitter say Musk’s reasons for withdrawing from the deal are “invalid and wrongful.”
Source:
DW.com
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