Shareholders seal on $ 44 billion deal with Musk, Musk has gone to court against this agreement
Announcing to break the deal, a few days ago, he said that the company did not give the exact number of spam accounts or fake accounts, due to which they could not pursue the deal.
Shareholders of Twitter Inc on Tuesday approved a US$44 billion deal by Tesla CEO Elon Musk. For the past few days, Musk was trying to cancel this deal. On Tuesday, Twitter said counting showed shareholders supported Elon Musk's bid to buy the social media platform for $44 billion, even as he was trying to breach the contract.
The tally came during a meeting of shareholders, which lasted only a few minutes, with most votes being cast online. Twitter is suing Musk over the completion of the deal and its hearing is set for October.
Musk, the world's richest man, said two days ago on Sunday that Twitter's payment to whistleblowers was a major reason for backing out of the deal. Announcing to break the deal, a few days ago, he said that the company did not give the exact number of spam accounts or fake accounts, due to which they could not pursue the deal.
After Musk backed out of the deal, Twitter management approached Delaware court against him.
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