Twitter Shareholders Poised To Approve Elon Musk—Even bid

 Are you looking forward to the questions about what is going on between Elon musk and Twitter? Did Elon Musk buy Twitter? What is the current strategy? What's the decision? Continue reading!

After Twitter Shareholders accepted Elon Musk's acquisition offer, the future of the social media business is in the hands of the current legal dispute.

In an effort to retract his $44 billion (€43.94 billion) proposal, the CEO of Tesla and SpaceX has been contending that Twitter hid the exact number of fraudulent accounts on its site.

Twitter denies liability and maintains that the transaction must go forward; a trial is scheduled for October to determine the outcome.

After Twitter largest shareholders accepted Elon Musk's acquisition offer, the fate of the deal rests in an ongoing legal dispute.

In an effort to retract his $44 billion (€43.94 billion) proposal, the CEO of Tesla and SpaceX has been contending that Twitter hid the exact number of fraudulent accounts on its site.

Twitter denies the allegations and maintains that the sale must proceed, and a trial to settle the dispute is scheduled for October for Elon Musk.

Here's all you need to know about Elon Musk and Twitter, and the limelight on Elon musk bought twitter:

It was announced by Twitter that a preliminary tally of Tuesday's shareholder vote revealed that nearly 98.6 percent of votes cast supported Elon musk buys twitter for $54.20 per share in cash.

On the same day as the vote, former Twitter executive Peiter "Mudge" Zadko testified before the US Senate about what he claims are severe security and data privacy issues on the network.

A whistleblower for Twitter has reportedly claimed the business lied to authorities about bot accounts and security. Back in April, Musk made an offer to purchase Twitter, and on April 25, the firm accepted his offer.

Musk made these remarks when the acquisition was announced: "Free speech is the backbone of a healthy democracy, and Twitter is the digital town square where things essential to the survival of mankind are debated."

In June, however, the billionaire altered his tune, publicly threatening to pull out of the arrangement over the question of how many bots made up Twitter's user base.

Putin and World War III will not be able to get Elon Musk out of his Twitter contract.

According to Musk's attorneys, "Mr. Musk feels the corporation is actively fighting and undermining his information rights (and the company's associated responsibilities) under the merger agreement." This statement contradicts Twitter's allegation that less than 5% of its users were bots.

In response, the firm reaffirmed its commitment to moving forward with the transaction "at the agreed price and terms." After Elon Musk said in July that he was abandoning the contract, Twitter sued him to compel him to reconsider.

Possible resolutions to the Twitter v. Elon Musk takeover lawsuit

According to Twitter, Musk did not request confirmation of bot counts before making the offer and was provided with all relevant data.

When Twitter countersued, Musk claimed the company had committed fraud.

Despite Musk's best efforts, the trial is set to commence on October 17.

Does Elon Musk own Twitter?

 

In the Twitter v. Musk lawsuit, the trial is set to begin in the middle of October and last for five days. Although the Delaware judge has denied Musk's requests to postpone the trial on many occasions, only last week he won the right to add accusations from Twitter's cybersecurity whistleblower in a countersuit. Concluding discussion on how did Elon musk buy Twitter? Elon Musk's $44 Billion Buyout of Twitter Receives Approval From Shareholders; according to a Report, the trial between Twitter and Musk to finalize the agreement is scheduled to begin in October as twitter sued Elon Musk for the time. 

Originally published on https://myraana.com/