News
Newsfeed
News
Friday
December 02
USD
395.53
EUR
393.43
RUB
6.42
Show news feed

A majority of Twitter Inc shareholders voted to sell the social network to Elon Musk for $44 billion, Reuters reported, citing sources.

The deadline for shareholders to vote on the deal was Tuesday, but by Monday evening enough investors had voted to make the outcome certain, the sources said.

Musk told Twitter that he would not proceed with the deal to buy the platform, claiming that he was misled by spam accounts on the platform and was not notified of a payment agreement the company reached with one of its top executives. Both sides are expected to discuss this in court next month.

Lawyers for Twitter said Musk's reasons for reneging on the deal were invalid and improper.

Twitter's trial against Musk is scheduled to begin Oct. 17 in Delaware Chancery Court.

!
This text available in   Հայերեն and Русский
Print
Read more:
All
Photos