San Francisco, Sep 13 : Twitter shareholders on Tuesday approved Tesla CEO Elon Musk’s $44 billion takeover offer.The vote was taken as Musk’s team is in a legal dispute in order to get rid of the agreement.
Twitter confirmed that an initial count indicates that it has enough votes to accept the deal, according to The Verge.
Twitter has filed a lawsuit against Musk for breaching the terms of the deal.
The vote allows Twitter continue with an action aimed at bring Musk end the deal.
The legal dispute is expected to begin in the middle of October.
The approval signifies the possibility that Musk as well as Twitter will go through an October trial in the Delaware Court of Chancery.
“Twitter will try to seal this deal, regardless of the outcome, claiming Musk’s concerns are an excuse to pull out of the deal,” in the article.
The case of the vote came to light when Twitter whistleblower Peter Zatko testified at a US Senate committee.
The Tesla CEO is also trying to secure more time with the court to begin the Twitter trial, which is scheduled for October 17 in light of the testimony of Zatko.
Musk’s legal team suggested an alternative timeline that would extend the trial’s duration to the end of November.
The former Twitter security chief has claimed that Twitter had misled authorities about its security practices and the actual amount of bot accounts.
Musk has stated that his testimony of Twitter whistleblowers justifies his reversal of the deal worth $44 billion to purchase the micro-blogging site.
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