Tag: elon musck

On September 13, Twitter shareholders will vote on Elon Musk’s $44 billion takeover bid.
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On September 13, Twitter shareholders will vote on Elon Musk’s $44 billion takeover bid.

Twitter announced on Tuesday that it would conduct a shareholder meeting on September 13 to vote on Elon Musk's proposed $44 billion takeover offer for the social media business. Musk is the chief executive officer of Tesla. The idea, which was revealed in a filing, comes at a time when the richest person in the world is getting ready for a legal battle with Twitter in October over the fact that he reneged on his offer to buy the social media business. According to a document made by Twitter, shareholders will be asked to vote at the meeting on a proposal to approve the compensation that may be due by Twitter to certain executive officers in connection with the purchase. In a separate announcement, the business reported that, in an effort to save expenses, it had drastically slowed down...