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.