Twitter Shareholders Approve Sale to Elon Musk, Leaving Lawsuit as Final Hurdle for Deal

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Twitter Shareholders Approve Sale to Elon Musk, Leaving Lawsuit as Final Hurdle for Deal
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The vote in favor was expected, but is important as it is the final pro forma hurdle to closing the sale to the Tesla mogul, with regulators having already signed off on the deal.

While Musk initially based his suit on Twitter’s public claims around bots, it has since expanded following the disclosures of Twitter whistleblower Peiter “Mudge” Zatko, who previously Twitter’s head of security.to Musk in April, after just a couple of weeks of talks.

Since then, the stock market has seen a correction, with tech stocks hit particularly hard. That decline made Musk’s $54.20 deal seem quite rich, and Musk began to express regret over the purchase agreement in the weeks after the deal was unveiled.“terminating” the agreement in July, though as expected that letter simply kicked off the legal battle that is expected to unfold in Delaware next month.

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