Twitter Shareholders Approve $44 Billion Elon Musk Buyout
Elon Musk Twitter shareholders have endorsed Elon Musk’s proposed $44 billion (€44 billion) buyout of the social media platform. The tally was arrived at with most of the votes having been cast online, during a shareholder meeting that lasted just minutes. Although the deadline for the shareholder vote on the deal was set for Tuesday, it was believed that enough investors had voted by Monday evening for the outcome to be certain. The shareholder decision gives the green light for the contract to close, even as the world’s richest man seeks to exit the deal. Musk, the CEO of electric car maker Tesla, had told Twitter he does not plan to go ahead with the acquisition, arguing he was misled over the number of fake accounts on the platform. He made the announcement in May, saying he wanted more details to show that spam and fake accounts only represented less than 5% of users. The company, in response, sued Musk to complete the deal, with a hearing set for October. Lawyers for Twitte...