WSJ: Twitter shareholders will support the sale of the company to Elon Musk
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In today’s vote on Elon Musk’s proposal to acquire Twitter for $44 billion, the company’s shareholders will support its sale. It became known newspaper The Wall Street Journal from sources with knowledge of Twitter’s shareholder pre-vote on the deal. According to the newspaper, the number of advocates for the sale of Twitter to Elon Musk far outweighs the number of those who do not support the deal. Voting itself will take place today at 20:00 Moscow time.
The sale is being advocated, among others, by several large Twitter shareholders, including index fund managers who control a combined 20% stake in Twitter. Mr. Musk himself, the largest shareholder of Twitter with a share of about 10%, has not yet indicated his position, and, as the WSJ notes, he is unlikely to do so, given that he is now seeking cancellation this deal based on Twitter’s violations. However, even without the vote of Mr. Musk, according to WSJ sources, the support of other shareholders will be enough to approve the transaction.
Recall that today in the US Senate will testify the former head of security Twitter Peter Zatko, who is to state his version violations in the company. Mr Musk thinks Peter Zatko’s statements are a serious reason to terminate the deal.
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