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Twitter Shareholders Vote To Approve Elon Musk's $44 Billion Takeover Deal

Mary Liu

Summary: Twitter shareholders voted Tuesday to approve Elon Musk's $44 billion deal to buy the company and take it private. Musk had previously tried to back out of the deal, citing an incorrect percentage of Twitter fake accounts. Twitter insists its data is correct that less than 5 percent of its monetizable daily active users are ...

Twitter shareholders voted Tuesday to approve Elon Musk's $44 billion deal to buy the company and take it private.

Musk had previously tried to back out of the deal, citing an incorrect percentage of Twitter fake accounts. Twitter insists its data is correct that less than 5 percent of its monetizable daily active users are spam or fake users, and says it has provided Musk with a lot of information to satisfy the deal.

Twitter is suing Musk for allegedly breaching the agreement, and the case is now in Delaware Chancery Court, expected to begin in mid-October.

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