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Home TechSocial media Elon Musk To Acquire  Twitter Officially, If Majority Of Share Holders Agree

Elon Musk To Acquire  Twitter Officially, If Majority Of Share Holders Agree

by Joseph Richard
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According to Reuters, Twitter shareholders have until Tuesday, September 13, to approve the sale of their business to the well-known American billionaire.

Despite Elon Musk’s departure over the summer, it seems that the social network’s investors would have overwhelmingly accepted the sale of the business.

Elon Musk put out an offer for $ 44 billion, which at the time of the acquisition constituted a bonus per share of 38%, with security valued at $ 54.20. If the two sides reach an agreement at the end of the day, the shareholders want to get this increased value. The game is still far from over, however.

Elon Musk’s acquisition of Twitter has taken a legal turn. To compel the Tesla CEO to complete the transaction at a price offered initially, the social network filed a lawsuit against him.

Conversely, Elon Musk is tired of hearing about this situation. He now claims that Twitter misled him about the expected number of bogus accounts established on the service, and he now wants to avoid having to pay at least $1 billion in damages.

The first hearing is set on October 17, and subsequent hearings should provide more light on this great case, which is not close to being resolved.

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