Connect with us


Twitter’s board urges shareholders to approve Musk takeover bid

Earlier Tuesday on the Qatar Economic Forum, Musk mentioned the deal is being held up by “very significant questions” in regards to the variety of pretend and spam customers on Twitter. While the social media firm claims the variety of pretend accounts on the app is lower than 5 %, Musk mentioned that statistic “is probably not most people’s experience when using Twitter.”

“We’re still awaiting resolution on that matter, and that is a very significant matter,” Musk told Bloomberg in an interview at the forum.

Twitter’s board beforehand beneficial in May that shareholders vote to approve the acquisition. A shareholder vote had been anticipated at a May 25 assembly. But amid the continuing drama over Musk’s makes an attempt to pause the deal, Twitter executives as a substitute dodged questions in regards to the settlement.

Musk on Tuesday added that his debt financing nonetheless wants to come collectively and shareholders additionally want to vote to approve the deal for his bid to undergo.

Source link