During the voting, Twitter shareholders approved a deal to sell the company to Elon Musk for $ 44 billion, RIA Novostireports with reference to the broadcast of the meeting of shareholders. Earlier, The Wall Street Journal reported that the number of those who support the sale of Twitter to Musk significantly exceeds the number of those who do not support the deal.
At the end of April, the company announced an agreement with Musk to sell the social network. In July, the businessman refused to buy Twitter. The corresponding letter was handed over to the representative of the social network. It indicated that Musk was exercising his right to terminate the merger agreement and withdraw from the deal. The letter said that the reason for this was "a material violation of several provisions of the agreement." In particular, Twitter was unable or refused to provide information about the fake accounts of the platform. Twitter itself claims it did not do so as it feared Musk would create a rival platform after pulling out of the acquisition.
After she refused to buy the company, Twitter management sued Musk. On October 17, a court hearing will determine whether Musk has legal grounds to back out of the deal.
The Twitter lawsuit also states that on May 16, Musk responded to tweets by the CEO of the social network, Parag Agrawal, about the company's efforts to combat spam emoji accounts with the image of feces.
In addition, on July 29, Musk was sued by Twitter shareholder Luigi Crispo, who owns 5,500 shares of Twitter. He is asking the court to order the billionaire to close the deal and admit that he violated his fiduciary obligations to Twitter shareholders. Crispo also requires Musk to pay damages to shareholders. On July 30, Elon Musk filed a counterclaim against Twitter.
On September 13, Twitter's former head of security, Peter Zatko, will testify in the US Senate to give his version of the company's wrongdoing. Musk considers Peter Zatko's statements as a serious reason to terminate the deal.