Twitter shareholders have voted in favor of Elon Musk’s $44 billion takeover deal, a value of $54.20 per share. The vote came days after Musk’s third letter to Twitter seeking to terminate their deal.
Elon Musk may be fighting tooth-and-nail to get out of his deal to buy Twitter, but the social media company’s shareholders plan to hold him to it. Twitter\n \n shareholders on Tuesday voted in favor of Musk’s $44 billion takeover deal, a value of $54.20 per share. The company’s stock opened Tuesday at just under $41 per share, nearly 25% below the deal price. The vote came days after Musk’s third letter to Twitter seeking to terminate their deal, with this one pegged to a purported $7.
Twitter agreed not to provide any severance payments to employees in amounts outside “the ordinary course of business consistent with past practice,” according to the contract. Twitter slammed Musk’s latest effort to get out of the deal as “invalid and wrongful.” Musk first sent a letter to terminate the deal in July, alleging that Twitter violated the agreement by misrepresenting the number of spam and fake bot accounts on its platform.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Elon Musk Joins Dogecoin Designer in Addressing Twitter CEO About Crypto BotsICYMI: Elon Musk and DOGE designer call on Twitter CEO to shut down Musk-impersonating crypto bots cryptoscam Dogecoin
Read more »
Twitter says its multimillion-dollar payout to whistleblower shouldn't affect deal with Elon MuskTwitter says that payments to a whistleblower did not breach any of its obligations under the $44B acquisition proposed by Elon Musk. Shareholders will vote on Tuesday on whether to approve or reject Musk’s takeover bid.
Read more »
Twitter pushes back after Elon Musk files third termination notice for $44B acquisitionElon Musk's legal team claims Twitter's $7.75 million in severance payments to its former security chief and his counsel violated the acquisition agreement.
Read more »
The Case for Rooting for Elon Musk to Beat TwitterWho are you rooting for in the Elon Musk–Twitter fight? Are you sure
Read more »
Twitter Shareholders Approve Sale to Elon Musk, Leaving Lawsuit as Final Hurdle for DealThe vote in favor was expected, but is important as it is the final pro forma hurdle to closing the sale to the Tesla mogul, with regulators having already signed off on the deal.
Read more »
Elon Musk Suggests That a Brain Parasite Is Forcing Humans to Create Superhuman AITesla CEO Elon Musk sent a tweet on Friday suggesting that the parasite is actually what's causing humans to create advanced artificial intelligence.
Read more »