The Twitter shareholders insist on Elon Musk’s denial/ the media giant does not agree to the purchase!
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According to the media reporter of Fars News Agency, quoted by varietyTwitter shareholders want Elon Musk to keep his promise and buy the social network for $44 billion. But the tech giant is doing everything it can to thwart the deal.
On Tuesday, at a special meeting of Twitter shareholders, the company’s investors voted to approve Musk’s takeover, which was announced in April. Twitter announced that, based on a preliminary tabulation of shareholder votes, approximately 98.6 percent of the votes cast approved the proposal to approve the merger agreement.
Twitter is ready and willing to complete the merger with Mr. Musk’s affiliates immediately and in any event no later than September 15, 2022, the second business day after all conditions precedent have been met, the company said in a press release. Time is needed.
But the shareholder vote was a trivial formality to the main issue: that Musk no longer wants to buy Twitter. To fight Twitter’s request to close the deal at a price of $54.20 per share previously agreed upon, Musk is willing to stay out of the deal and pursue it in court.
It is unclear whether Musk, who is Twitter’s largest single shareholder with a 9.6 percent stake, participated in Tuesday’s shareholder vote.
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