Twitter Inc. shareholders approved billionaire Elon Musk’s proposed US$44 billion buyout, paving the way for a trial next month to determine the disputed deal’s fate.
The shareholder meeting lasted 7 minutes, with polls open for about 3 minutes. Shareholders could also submit votes for several weeks ahead of the meeting. Lawyers for both Musk and San Francisco-based Twitter for weeks have been fighting over witnesses, evidence and even the court date. The trial is currently set for the week of Oct. 17 in Delaware Chancery Court.
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Twitter shareholders vote in favor of Elon Musk's US$44 billion offerTwitter Inc's shareholders approved a US$44 billion buyout by Elon Musk on Tuesday, handing over the deal's outcome to a court battle in which the billionaire is trying to scrap the purchase. Remember when the left was losing their minds and threatening to leave Twitter if Musk bought it? I thought they still had to work out details about the number of human users? 🎼 ♪ Elon, Elon likes his money He makes a lot, they say Spends his days counting In a garage by the motorway ♫
Source: CTVCalgary - 🏆 26. / 68 Read more »
Twitter shareholders approve Musk's US$44B buyout as trial looms - BNN BloombergTwitter shareholders approved billionaire Elon Musk’s proposed US$44 billion buyout, paving the way for a trial next month to determine the disputed deal’s fate.
Source: BNNBloomberg - 🏆 83. / 50 Read more »