Twitter shareholders approve Elon Musk’s USD 44 billion takeover deal

Sep 14, 2022

Washington (US), Sep 14 (ANI): Twitter shareholders on September 13 approved Tesla chief Elon Musk’s USD 44 billion bid to buy the social media platform. The approval to accept Musk’s offer of USD 54.20 per share was substantially higher than Twitter's current trading price, below USD 42 was widely expected. Twitter has forged ahead with the deal, despite Musk's attempts to back out because of what he says are problems with the company's business, reported Washington Post. Shareholders gave their assent to the deal on Tuesday, the company said. The vote took place during a short virtual meeting after brief remarks by Twitter CEO Parag Agrawal.