Categories: International

Twitter Shareholders Endorse $44bn Musk Deal

Twitter Shareholders Endorse $44bn Musk Deal

 

EKO HOT BLOG reports that Twitter’s shareholders have voted to approve a deal with Elon Musk to buy the company for $44bn (£38bn).

 

The decision was made in a short conference call with investors from the company’s San Francisco headquarters.

 

EDITOR’S PICK

 

It means Twitter will now try to force Elon Musk to buy the company in the courts.

 

The meeting followed explosive testimony from Twitter’s former head of security Peiter Zatko in front of the US Senate.

 

In April, Twitter agreed to sell the company to the world’s richest person, Elon Musk.

 

However, the deal soured after Musk alleged he was misled by Twitter about the number of spam and bot accounts on the platform.

 

FURTHER READING

He said he no longer wished to purchase the company in May, but Twitter argues that Musk cannot back out of the deal.

 

Click to watch our video of the week

Yinka Akanbi

Yinka is an aesthete and a cosmopolite.

Share
Published by
Yinka Akanbi

Recent Posts

Shettima Leaves For Côte D’Ivoire

Vice President Kashim Shettima, Wednesday morning, departed Abuja for Abidjan, Côte d’Ivoire. A statement by…

20 minutes ago

CBN Assures Steady Cash Supply To Tackle Shortage

The Central Bank of Nigeria, CBN, has assured banks of a steady cash supply to…

1 hour ago

Alleged Fraud: Dino Melaye Mocks Yahaya Bello, Says White Lion Docked

Former lawmaker, who represented Kogi West Senatorial District, Dino Melaye has mocked the immediate past…

2 hours ago