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A majority of Twitter shareholders have voted in favor of approving Elon Musk’s $44 billion USD buyout of the social media platform. Although the deadline for the shareholder vote on the deal was set for Tue 13th, it is believed that enough investors had voted by Monday evening for the outcome to be certain.
Musk has told Twitter he does not plan to go ahead with the acquisition, arguing he was misled over the number of fake accounts on the platform.
The company has sued Musk to complete the deal, with a hearing set for October. Twitter lawyers say Musk’s reasons for withdrawing from the deal are “invalid and wrongful.”
If Twitter prevails in the case, the Tesla Boss will pay billions of dollars to the company — or even demand that he complete the purchase.