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.
Lawyers for Musk, who is the world’s richest person and CEO of Tesla and SpaceX, have notified Twitter on three separate occasions that he believes Twitter has breached the terms of the acquisition agreement.
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