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Twitter Shareholders Approve $44 Billion
Musk Buyout

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Posted By: DW626, 9/13/2022 4:34:38 PM

Twitter shareholders on Tuesday voted to approve Elon Musk’s buyout of the platform. The shareholders voted to approve Musk’s $44 billion bid and to take the social media company private. CNBC reported: Twitter shareholders voted Tuesday to approve Elon Musk’s $44 billion bid to buy the company and take it private. TRENDING: Here is the Updated List of US-Based Food Manufacturing Plants Destroyed Under Biden Regime -- You Can Now Participate and Add More Incidents on the Interactive Map The vote comes as Musk seeks to scrap the deal, casting doubt on Twitter’s self-reported percentage of fake accounts and alleging the company was not as forthcoming

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Hmmm…this is an interesting development.

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Reply 1 - Posted by: DVC 9/13/2022 5:24:38 PM (No. 1276632)
And Musk has said he won't do it, because some substantial fraction of the "twits" are fake, not actual people.
9 people like this.

Reply 2 - Posted by: john56 9/13/2022 5:51:19 PM (No. 1276652)
Well, problem is that the Twitter execs mis-represented the value of their "assets," ie, actual real people on the site. Bots and fake users don't turn into customers for their advertisers. Maybe Twitter is a value at half the price. Maybe not.
7 people like this.

Reply 3 - Posted by: davew 9/13/2022 5:56:36 PM (No. 1276659)
If Musk and the whistleblower Mudge can get a court to agree that Twitter management misrepresented its security and data privacy policies to the SEC, the deal will fall apart. No one can be forced to buy a company that falls into legal trouble before the close.
11 people like this.

Reply 4 - Posted by: danu 9/13/2022 6:16:40 PM (No. 1276685)
posters above--yr all bloody well right.
3 people like this.

Reply 5 - Posted by: seamusm 9/13/2022 7:01:33 PM (No. 1276732)
Of course the shareholders agree to sell their shares at twice what they're worth.
7 people like this.

Reply 6 - Posted by: kono 9/13/2022 7:25:45 PM (No. 1276749)
I didn't know his bid was still active. This seems kind of like a woman saying she'll marry a guy, months after he found out she'd been lying about her financial situation and retracted his marriage proposal.
3 people like this.

Reply 7 - Posted by: whyyeseyec 9/13/2022 9:12:29 PM (No. 1276812)
The Shareholders did this to Force Musk out of buying Twitter.
1 person likes this.

Reply 8 - Posted by: MickTurn 9/14/2022 9:42:43 AM (No. 1277155)
Elon already backed out due to the fact that Twitter management refused to meet his terms on Bots... He's playing Chess and Twitter is playing Checkers, guess who will win!
1 person likes this.

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