Twitter’s board of directors unanimously advised shareholders on Tuesday to vote “in favor” of approving the $44 billion acquisition of the company by Elon Musk, as reported to the Securities and Exchange Commission. United States Stock Exchange (SEC).
Twitter is now one step closer to approving the deal announced last April by the world’s richest man, owner of electric vehicle company Tesla.
If the deal goes through, shareholders will receive $54.20 for each share of the company, which is a significant premium over the $39.31 share price that Twitter was trading at before Musk began his phased takeover of the company. Twitter announcing a first purchase of 9% in the company.
The magnate affirmed this Tuesday from Doha that there are still “unresolved issues” to consummate the purchase of Twitter and affirmed that this process will not cause problems with China, a large market for his company Tesla.
Since the CEO of Tesla and SpaceX’s deal with Twitter in April, Musk has accused the company of not honoring his request for data on spam accounts.
For its part, Twitter, which has estimated that no more than 5% of its daily active users are bots, said it will continue to share information with Musk and plans to enforce the merger agreement.
It is still possible that Musk wants to renegotiate with Twitter later when his team has analyzed the data provided by the social network.
Twitter has the right to sue you to comply with the current agreement.
Last week, in a meeting attended by the company’s more than 7,500 employees, Musk answered questions about freedom of expression, online content moderation, inclusion and diversity measures, remote work and possible layoffs.
