Twitter’s board of directors unanimously recommended that shareholders approve the $44 billion sale of the company to Elon Musk, according to a US Securities …
Twitter’s board of directors unanimously recommended that shareholders approve the $44 billion sale of the company to Elon Musk, according to a US Securities and Exchange Commission filing Tuesday. The Tesla and SpaceX CEO struck a deal back in April to buy Twitter. In a letter to investors included in the SEC filing, the board said it „determined that the merger agreement is advisable and the merger and the other transactions contemplated by the merger agreement are fair to, advisable and in the best interests of Twitter and its stockholders.“
The letter didn’t specify when the vote will take place, but Bloomberg reported it could happen in late July or early August.
