Unrealistically, Elon Musk gets support from twitter shareholders.
We all know that Elon Musk is trying his blood and sweat to get out of his deal to buy Twitter which is being stopped by social media companies.
But, Elon Musk gets support from twitter shareholders. The majority of Twitter shareholders voted in favor of Elon’s 44 billion-dollar takeover deal.
According to a preliminary count, it was indicated that 98.6% of the votes were cast in favor of Elon’s deal. Said Twitter.
Elon Musk Gets Support From Twitter Shareholders
Twitter is all ready and willing to complete the merger with affiliates of Musk immediately, and in any event, soon any day this week.
The second business day is followed by the satisfaction of all conditions precedent, which is the required timeline by the merger agreement.
The vote came way days after Musk’s third letter to Twitter, willing to terminate their deal, with this one pegged to a pretended 7.75 million dollars severance payment made by the company to Peiter Zatko[Head of Security]
The letter featured Musk’s attorneys claiming the payment-said to have been to Aztko and his lawyers on June 28 as part of a segregation agreement.
Latter Twitter slammed Musk’s latest effort to get out of the deal as wrongful.
Musk first sent a letter to terminate the deal later in July, alleging that Twitter violated the agreement by showing the number of spam and fake bot accounts on its platform.
In action, Twitter sued Musk to complete the acquisition, accusing the billionaire of using bots as a pretext to exit a deal that he developed following a market decline.
On Tuesday in front of the US Senate, Peiter Zatko testified about Twitter’s new serious security vulnerabilities, which include having foreign intelligence agents on its payroll.
Lastly, the case between Musk and Twitter is scheduled for a trial on October 17.