Twitter shareholders have voted in favor of a takeover by Elon Musk
Who of course wants to cancel the deal
The issue of the acquisition of Twitter may now have reached legal dimensions, since Elon Musk wants to cancel the huge deal, citing the uncontrolled number of bots on the platform and the inability of the company to provide him with the required data to ascertain the exact number , but the social network’s shareholders seem to have a different opinion.
Going into details, the shareholders voted and gave the green light for the deal of 44 billion dollars . In particular, in the context of an update concerning investors, Twitter announced that the first counts show that the deal has the required votes from the existing shareholders to be approved. That means Twitter can continue the legal process it has begun, with the lawsuit seeking to force the world’s richest man to complete the deal he proposed in April.
So, since the existing shareholders did not stand in the way and despite many attempts by Musk’s legal team to train things, such as another recent letter that we informed you about , the matter will end up in court in October . In particular, the final decision will be taken by the Court of Delaware in the United States, which will also include Peiter “Mudge” Zatko, a former high-ranking executive of the company who left, then acting as a whistleblower.
You can read more about the real reason Elon Musk wants to cancel the deal, according to Zatko.