Twitter shareholders vote to approve Elon Musk’s bid to buy the company

  • Source: CNBC
  • by: Lauren Feiner
Twitter shareholders vote to approve Elon Musk’s bid to buy the company
  • Twitter shareholders voted Tuesday to approve Elon Musk’s $44 billion bid to buy the company and take it private.
  • The vote comes as Musk is seeking to back out of the deal, leading to Twitter suing him for allegedly breaking the agreement.
Twitter shareholders voted Tuesday to approve Elon Musk’s $44 billion bid to buy the company and take it private.

The vote comes as Musk seeks to scrap the deal, casting doubt on Twitter’s self-reported percentage of fake accounts and alleging the company was not as forthcoming as it should have been with its explanation of the calculation. Twitter has stood by its figure of less than 5% of monetizable daily active users being spam or fake and has said it’s provided Musk plenty of information meeting the requirements of the deal.

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