Twitter shareholders approve Elon Musk's $44Bln takeover offer

Twitter shareholders approve Elon Musk's $44Bln takeover offer
DR
Wednesday 14 September 2022 - 09:56

Twitter shareholders on Tuesday voted to approve Elon Musk’s offer to buy the social media platform for around $44 billion.

The vote took place a few weeks before the start of the company’s trial against the billionaire for trying to back out of the deal.

Musk offered to buy the company in April before attempting to back out of the deal, saying that Twitter’s user base was comprised of more bot accounts than the company claimed.

The trial is expected to begin at Delaware Chancery Court on Oct. 17.

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