13 september 2022 | CEOs | Announcements

Twitter shareholders expressed readiness to approve purchase by Elon Musk

According to the publications made on Monday by Reuters and Wall Street Journal, the much-hyped deal of selling of Twitter to American business magnate Elon Musk has preliminarily passed the shareholder vote. It happened despite Musk’s attempts to back out of the deal, which are disputed by the Twitter representatives in the court.

It’s forecasted that Twitter will release this quarter’s report revealing the company’s strong performance over the covered period of time.

According to the information published by Reuters, received from unnamed sources, the results of the vote showed on Monday that the majority of shareholders voted in favor of the more than $40 billion sale of Twitter to Musk. 

As it was said in the publication, the deal is now approaching the final stage of voting, and the board of directors of Twitter is encouraging the shareholders to vote in favor of it. Although the deadline for the vote is set on Tuesday, the Monday figures were enough to make a conclusion that the majority of shareholders approve the deal. Still, the shareholders might change their opinion before Tuesday comes.

Twitter representatives declined commenting on the situation, saying that the company isn’t releasing any details on the eve of the shareholders’ meeting, scheduled on Tuesday.

Latest news
United Nations agency calls for the Fed to slow down the pace of rate increases

The Fed’s aggressive tightening of its policy has resulted in the U.S. dollar getting to record highs in several decades and crushing other currencies.

4 minutes ago
US housing market will face a serious slowdown

The sharp drop in USR home prices was the result of the FRS fights against inflation.

17 minutes ago
ABI Research named Verizon Connect as innovation leader

Verizon Connect scored highest in innovation in the 2022 ranking for the top commercial telematics provider of ABI Research, which was released in September. Verizon Connect was already named a leader in 2020.

43 minutes ago
In August, the number of vacancies in the U.S. fell by more than 1 million

The tight U.S. labor market began to show signs of easing in August.

51 minutes ago
Visa to suffer the greatest losses as new debit-card rules appear

New guidelines approved by the Federal Reserve (Fed) on debit card transactions could have a negative impact on the financial performance of companies that operate payment systems. However, the updated rules aren't as harsh as expected, analysts note.

55 minutes ago

Subscribe to our newsletter and stay up to date with all the news!