Twitter shareholders approved Elon Musk’s takeover bid

Twitter shareholders yesterday approved the proposed purchase long after Elon Musk proposed to buy the company for 44 billion dollars. Twitter has announced that the majority of shareholders have announced their agreement for this transfer. But as you probably know, since then Elon Musk has made numerous requests to reverse the takeover. Now, thanks to this vote, Twitter's legal team can safely pursue the lawsuit against Mr. Musk.

BingMag.com Twitter shareholders approved Elon Musk’s takeover bid

Twitter shareholders yesterday approved the proposed purchase long after Elon Musk proposed to buy the company for 44 billion dollars. Twitter has announced that the majority of shareholders have announced their agreement for this transfer. But as you probably know, since then Elon Musk has made numerous requests to reverse the takeover. Now, thanks to this vote, Twitter's legal team can safely pursue the lawsuit against Mr. Musk.

Next month, the first court session of Twitter and Elon Musk will be held. Mr. Musk's main argument is that the Twitter team hid important facts about the company's internal processes, including the number of fake and spam accounts. Also, after the comments of the former director of Twitter's cyber security department, Elon Musk now cites his words to show that he was right in withdrawing from this contract.

Twitter's legal team naturally They don't intend to accept defeat so easily, and in the end they seek to receive a multi-billion dollar fine for abandoning this agreement. On the other hand, the claim of the former director of cyber security of Twitter has attracted the attention of legislative bodies and we have to see if Twitter can satisfy these people or not.

  • Elon Musk wants to postpone the Twitter trial for a month throw

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