Elon Musk’s Twitter Deal Moves Forward As Board Endorses Takeover
Elon Musk is now a step closer to owning the social media platform, Twitter, as the board has endorsed the takeover. After a period of tense negotiations and concerns over bot accounts on the social media platform, Twitter’s board of directors has unanimously approved Musk’s acquisition of the micro-blogging site. Twitter filed a statement with the Securities Exchange Commission on Wednesday. The company’s board of directors encouraged shareholders to approve the acquisition in a Securities and Exchange Commission filing. With the board’s approval, the deal is expected to close in 2022. If the shareholders vote to sell the company, they will be receiving $54.20 for each share, which is a great deal. Elon Musk and Twitter employees This decision comes soon after Musk’s first official interaction with Twitter employees. Musk held a meeting with Twitter employees on 16 June. He addressed the queries and concerns of the employees. According to media reports, in...