Twitter’s Board of Directors unanimously recommended that shareholders approve the sale of the social media company to Tesla and SpaceX CEO Elon Musk for $44 billion.
Notices to the U.S. Securities and Exchange Commission (SEC) addressed shareholders, “The Twitter Board of Directors recommends that you vote unanimously to pass the merger agreement.” statement was included.
In the statement, it was emphasized that the votes of the shareholders are very important regardless of the number of shares they hold.
Elon Musk, who previously bought a 9.2 percent stake in Twitter, made an offer of $54.2 per share for the entire Twitter, in his notification to the SEC on April 14.
In the statement made on April 25 from Twitter, it was reported that the agreement for the sale of the company to Musk was reached.
BILLION DOLLAR SALES
Musk announced on May 13 that the deal to buy social media company Twitter for approximately $44 billion was temporarily suspended.
In his post on his Twitter account, Elon Musk announced that the Twitter deal was temporarily suspended due to “expected details about the calculation that spam and fake accounts account for less than 5 percent of total users.”
On the other hand, in an interview with Bloomberg as part of the Qatar Economic Forum, Musk listed the approval of the deal by shareholders as one of several “unresolved issues” regarding the Twitter deal. (AA)