Twitter shareholders vote to approve Elon Musk buyout – By Matt Bernardini (UPI) / Sept 13, 2022
Sept. 13 (UPI) — Twitter shareholders voted Tuesday to approve a proposed $44 billion bid by Elon Musk to buy the company, even as Musk seeks to escape the deal.
Twitter confirmed that a preliminary count showed that it had enough votes to approve the deal, according to The Verge.
Musk initially attempted to buy the company but then sent a letter in July saying he was backing out of the deal. He argued that Twitter “has not complied with its contractual obligations” to provide accurate assessments of how many fake user accounts are on its system.
The social media company then sued Musk, accusing him of efforts to “trash the company, disrupt its operations, destroy stockholder value and walk away” from the deal.
CONTINUE > https://www.upi.com/Top_News/US/2022/09/13/Twitter-Elon-Musk/4061663095430/
