Twitter Board Unanimously Approves Elon Musk’s $44BN Bid

Twitter Inc (NYSE:TWTR)’s board said Tuesday that it unanimously accepts Elon Musk’s $44 billion takeover bid and recommends that shareholders approve it at a future meeting. The information was made public via a document by the Securities and Exchange Commission (SEC). . .

As reported by the New York Post, the Twitter board unanimously, “has determined that the merger agreement is advisable and that the merger and the other transactions contemplated in the merger agreement are fair, advisable, and in the best interest of Twitter and its shareholders”, according to a filing to the regulator.

Musk, meanwhile, remains unconvinced he will actually buy Twitter at the promised price, as shares are trading well below his $54.2 offer and he continues to fuel uncertainty. At an event organized by Bloomberg in Doha on Tuesday, the tech billionaire said there are still three issues to be resolved to close the purchase: fake accounts, financing, and approval by shareholders. (Read more from “Twitter Board Unanimously Approves Elon Musk’s $44BN Bid” HERE)

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