Twitter app brand is seen on this illustration taken, August 22, 2022. REUTERS/Dado Ruvic/Illustration
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Sept 12 (Reuters) – A majority of Twitter Inc’s (TWTR.N) shareholders have voted in favor of the social media firm’s $44 billion sale to Elon Musk, folks conversant in the tally stated on Monday.
The deadline for the shareholder vote on the deal is on Tuesday however sufficient traders had voted by Monday night for the end result to make sure, the sources stated.
The sources requested anonymity forward of an official announcement. Twitter and Musk representatives didn’t instantly reply to requests for remark.
Shareholders had been extensively anticipated to vote in favor after a inventory market downturn made Musk’s $54.20-per-share deal for Twitter, which was signed in April, look expensive within the present surroundings. Twitter shares at the moment are hovering round $41 per share.
Musk has knowledgeable Twitter he is not going to go forward with the acquisition, arguing he was misled over the spam accounts on the platform and was not notified of a pay settlement the corporate reached with one in all its prime executives. The 2 sides are scheduled to battle it out in court docket subsequent month. learn extra
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Reporting by Svea Herbst-Bayliss in Rhode Island; Enhancing by Greg Roumeliotis
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