although he then withdrew on his intentionsmade the takeover offer Elon Musk to Twitter for $44 Billion came to the shareholders, who have just voted in favor to continue that operation.
Elon Musk offered $44,000 million for Twitter, but later withdrew, arguing over excessive fake profiles
This would be confirmed by a provisional counting of the votes, showing that there is a sufficient majority for it the takeover proposed by Elon Musk in April. A purchase that was soon withdrawn, arguing, among other things, that Twitter had not provided him with internal information that would allow him to know exactly the number of fake profiles laid off.
In effect, voting by shareholders presupposes: legal action support that Twitter is facing so that once Musk has stated that he has no interest in moving forward, the courts will force him to finalize the announced takeover.
next October a hearing is pending at the Delaware Curt of Chancery, a arbitration court that resolves controversies between companies that voluntarily decide to submit to its out-of-court jurisdiction.
Musk defends his position cancel the takeover proposal alleging that Twitter is hiding important information about its internal activities, especially regarding spam and bots, adding several security vulnerabilities. Twitter is pushing for the takeover under the stance that Musk’s allegations are just excuses to backtrack, without sufficient ground to cancel the operation.
The founder of Tesla and SpaceX backtracked on his decision to take over the social network after even holding a video conference with company employees in which he outlined his ambitious plans for Twitterwhich included defending free speech, in addition to considering strategies to generate more revenue.
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