Twitter deal: twitter shareholders approved the deal of Elon Musk, hearing on the issue of spam accounts from october 17
Twitter shareholders have approved the deal with Tesla CEO Elon Musk. The majority of shareholders have voted in favor of Musk. In April of this year, Elon Musk made an offer to buy Twitter for $54.20 per share.
Twitter shareholders have approved the deal with Tesla CEO Elon Musk. The majority of shareholders have voted in favor of Musk. In April of this year, Elon Musk made an offer to buy Twitter for $54.20 per share, with an estimated amount of $44 billion.
Elon Musk, however, declined to complete the deal over information about spam accounts. On this, Twitter has filed a lawsuit against Musk in Delaware Court. The hearing in the matter is to begin from October 17. Twitter wants Musk to complete the deal. According to the report of The Verge, this decision of Twitter's shareholders will also have an impact on the court proceedings. A statement issued by the company said that shareholders have given their consent to the deal on Tuesday. The voting process for a short virtual meeting took place after a brief remarks by the company's CEO Parag Agarwal.
At the same time, former Twitter security chief Peter Mudge Jatko appeared before the US Senate Judiciary Committee on Tuesday. He argued that this internet platform has been unable to handle cyber security, privacy threats and millions of fake accounts. He filed a whistleblower complaint with the Federal Trade Commission and the Securities Exchange Commission's Justice Department in July. One of his most serious allegations is that Twitter violated the terms of a 2011 FTC agreement by falsely claiming that it took strong measures to protect the safety and privacy of its users.
At the same time, Twitter said on Monday that no condition of the deal between Elon Musk and Twitter has been violated. Twitter says Elon Musk is deliberately dragging the issue down and making it a reason to call off the deal.