In the midst of a brawl in court, Twitter approves the 44 billion dollar offer of Elon Musk

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In the midst of a brawl in court, Twitter approves the 44 billion dollar offer of Elon Musk
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Elon Musk made an offer on Twitter and later regretted it. AFP photo

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While Elon Musk is looking for all the means of canceling the operation, Twitter shareholders approved the offer of the magnate on Tuesday to buy the social network for 44,000 million dollars.

The vote took place in an assembly of the members who lasted a few minutes and in which the majority of the votes was expressed via the web.

Twitter went to court to make Musk respect his commitment to acquire the company and a process is set for next month.

The approval of the shareholders opens the way to a trial next month to determine the fate of the controversial agreement.

Musk made the offer in April e Since then he has tried to cancel him. Twitter’s board of directors had encouraged investors to ratify the agreement.

Although shareholders’ approval to finalize the agreement, His conclusion is far from certain. Musk said in July that he would cancel the agreement, arguing that Twitter missed him on the size of the company’s users’ base and on the number of bots and spam accounts. Twitter denies these accusations and he sued Musk in a delaware court to force you to complete the acquisition. Musk later replied to society.

Musk and Twitter lawyers have been fighting for weeks for witnesses, evidence and even a process date. Its beginning is currently scheduled for the week of October 17 at the Court of the Delaware Chancellery.

Musk recently tried to strengthen his case by citing the revelations of a former high twitter manager who became an informant who moved on to the end of August.

Peter “Mudge” Zatko, a former twitter head of security, claims that the company is violating multiple regulatory requirementsHe has permissive security practices and has provided misleading information on the bot number of his service.

Twitter denies statements From Zatko, saying that he is a former discontent employee who has been fired for little performance.

With information from Bloomberg


Source: Clarin

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