Twitter shareholders approve Elon Musk's takeover ahead of court battle

Business September 13, 2022 News
Twitter shareholders approve Elon Musk's takeover ahead of court battle

From Business Insider by Tim Levin

Twitter's shareholders on Tuesday approved Elon Musk's takeover of the social media platform, setting the stage for a testy legal battle as the world's richest person tries to wriggle out of his deal.

The company said the measure passed based on a preliminary count and that it will provide a final vote count to shareholders at a later date.

Tuesday's vote — in a speedy, 6-minute meeting — is the latest chapter in the complicated Musk-Twitter saga, which began as a surprise takeover offer and has evolved into a full-blown circus.

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