Sep 13, 2022

Twitter shareholders approve $44bn Musk deal

Twitter's shareholders have voted to approve a deal with Elon Musk to buy the company for $44bn. In April, Twitter agreed to sell the company to the world's richest person, Elon Musk.However, the deal soured after Mr Musk alleged he was misled by Twitter about the number of spam and bot accounts on the platform. Twitter is currently valued at $32bn, considerably below the $44bn offer from Mr Musk.Today's vote could have spelled the end of Twitter's legal pursuit, but shareholders have now given the company the green light to pursue Mr Musk in court. The firm's former head of security on to say that Twitter was "a decade behind" security standards. Last week, a judge said that Mr Musk's lawyers would be allowed to use the Twitter whistle-blower's testimony in court.

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