businessinsider
Sep 13
3.8K
0.11%
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.
Twitter had previously urged investors to green-light the $44 billion acquisition, which values the company at $54.20 per share, a significant premium over the current going price for Twitter stock. Shares opened at $40.76 Tuesday.
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. Tap the link in our bio for more details.
(Credit: Getty Images)
businessinsider
Sep 13
3.8K
0.11%
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