American social media giant Twitter held an extraordinary shareholders' meeting online on the 13th, and the acquisition plan agreed with entrepreneur Elon Musk was approved by a majority of shareholders.
However, Mr. Mask has unilaterally withdrawn the acquisition plan, and whether the acquisition will proceed or not will be contested in court in the future.
Twitter held an extraordinary online shareholder meeting on Wednesday to discuss a proposed $44 billion acquisition that it agreed to with entrepreneur and Tesla CEO Elon Musk in April this year. I consulted.
After a preliminary tally, the proposed acquisition was approved by a majority of shareholders.
Twitter's deal with Musk entitles shareholders to receive cash of $54.20 per share, well above Twitter's current stock price, if the deal is approved, and is in the best interests of shareholders. , Twitter's board of directors had advised to vote yes.
However, regarding this acquisition plan, Mr. Musk said that he could not confirm whether the company's explanation that the number of fake Twitter accounts involved in the calculation of corporate value was less than 5% of the total was correct. However, the company has since withdrawn the deal, and has developed into a lawsuit with the company. Whether the acquisition will proceed as planned will be contested in court.