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Twitter Shareholders OK Elon Musk’s $44 Billion Acquisition — Which the Mega-Billionaire Wants to Walk Away From

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variety.com

Todd Spangler NY Digital Editor Twitter shareholders want Elon Musk to keep his word and buy out the social network for $44 billion.

But the tech multibillionaire is doing everything he can to try to nix the deal. On Tuesday, at a special meeting of Twitter shareholders, the company’s investors voted in favor of approving Musk’s takeover, which was announced in April.

But the vote was a minor formality to the main issue: that Musk doesn’t want to buy Twitter anymore. Musk is heading toward a court trial to fight Twitter’s demand that he close the deal at the $54.20/share price that was previously agreed on.

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