By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
eBusiness Life MagazineeBusiness Life Magazine
  • Home
  • NewsBytes
  • Big Issues
  • Columns
  • Cyberparenting
  • Tech Talk
  • Gadget Review
  • Interviews
  • Our People
Notification Show More
Font ResizerAa
eBusiness Life MagazineeBusiness Life Magazine
Font ResizerAa
  • Categories
  • More Foxiz
    • Blog Index
    • Sitemap
Follow US
eBusiness Life Magazine > Blog > NewsBytes > Twitter Shareholders Approve Musk’s $44bn Buyout Offer
NewsBytesSocial Media

Twitter Shareholders Approve Musk’s $44bn Buyout Offer

ELadmin1
Last updated: 2022/09/15 at 6:26 AM
By ELadmin1
Share
1 Min Read
SHARE

Twitter investors approved a proposed $44 billion acquisition by Elon Musk during a special shareholders meeting, setting the stage for a legal showdown to determine if the deal will be completed.

Bloomberg reported a majority of Twitter shareholders voted in favour of the takeover during the meeting on Tuesday (13 September).

Twitter’s board of directors and two investment companies had previously encouraged shareholders to approve the deal.

Musk attempted to walk away from the deal in July after claiming Twitter under-reported the number of spam and bot accounts on the platform.

Ad imageAd image

Twitter denied his allegations and sued to make Musk complete the deal. The billionaire countersued and a court trial is scheduled to commence on 17 October.

The shareholders’ vote took place the same day Peiter Zatko, Twitter’s former head of security, told US politicians the company’s protection systems were inadequate.

Reuters reported the former staff member asserted Twitter is a “ticking bomb” of vulnerabilities and a threat to national security.

The judge in the case between Twitter and Musk ruled in favour of allowing Zatko’s testimony at the forthcoming trial.

ELadmin1 September 15, 2022 September 15, 2022
Share This Article
Facebook Twitter Whatsapp Whatsapp LinkedIn Copy Link Print
Leave a comment Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Get Started
Additive Manufacturing Making Impact on Digitalization, More Sustainable Workflows – Study

With 3D printing making an impact on the digitalization of manufacturing and…

NCC Cautions MNOs Over Interconnection Agreements Default

… Lifts Phased Disconnection Mandate Against Globacom In a bid to protect…

Infrastructure Financing: AfDB And InfraCredit Sign $15 million Funding Agreement

The African Development Bank (AfDB) and Infrastructure Credit Guarantee Company Limited (InfraCredit)…

Moniepoint, NITHub Unilag Kicks Off 2nd Cohort Of HatchDev Programme 

Moniepoint Inc, Africa's top digital financial services provider, in collaboration with University…

Stakeholders Seek Ways To Mitigate Telecom Fibre Cuts

The Association of Telecommunication Companies Of Nigeria (ATCON) has highlighted fibre cuts…

Interswitch Newly Launched PensionRemit To Simplify Pension Contribution, Remittance
June 17, 2025
Customer Decline Draws Multichoice Nigeria’s Revenue Downhill
June 17, 2025
Bureau of Public Procurement To Sign MoU With NDPC On Data Protection
June 17, 2025
Airtel Employees Conclude Nationwide Environment Week With Market Clean-Up
June 17, 2025
NiRA Launches WHOIS Privacy Redaction To Strengthen Data Protection For .ng Domain Registrants
June 17, 2025

You Might Also Like

NewsBytes

Interswitch Newly Launched PensionRemit To Simplify Pension Contribution, Remittance

By Ebusiness Life
NewsBytes

Customer Decline Draws Multichoice Nigeria’s Revenue Downhill

By Ebusiness Life
NewsBytes

Bureau of Public Procurement To Sign MoU With NDPC On Data Protection

By Ebusiness Life
NewsBytes

Airtel Employees Conclude Nationwide Environment Week With Market Clean-Up

By Ebusiness Life
Facebook Twitter Instagram
Company
  • Advertisement
  • Privacy Policy
  • Editorial Policy
  • Contact US
More Info
  • Newsletter

Sign Up For Free

Subscribe to our newsletter and don’t miss out on our latest reports

Join Community

Copyright 2023. Designed by Kreative TechPoint

adbanner
AdBlock Detected
Our site is an advertising supported site. Please whitelist to support our site.
Okay, I'll Whitelist
Welcome Back!

Sign in to your account

Lost your password?