HomeBusinessSources say most Twitter shareholders vote in favor of sale to Elon...

Sources say most Twitter shareholders vote in favor of sale to Elon Musk

Sources said enough investors had voted by Monday evening for the results to be confirmed.

Sources said enough investors had voted by Monday evening for the results to be confirmed.

A majority of Twitter Inc. shareholders have voted in favor of the $44 billion sale of the social media company to Elon Musk, people familiar with the tally said on Monday.

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The shareholder vote deadline on the deal is Tuesday, but enough investors had voted by Monday evening for the outcome to be certain, sources said.

The sources requested anonymity ahead of the official announcement. Representatives for Twitter and Musk did not immediately respond to requests for comment.

Shareholders were widely expected to vote after Musk’s $54.20-per-share deal for Twitter, which was signed in April, looks expensive in the current environment after the stock market slump. Twitter shares are now hovering around $41 per share.

Musk informed Twitter He would not go ahead with the acquisition, arguing that he was misled over spam accounts on the platform and was not informed about the salary agreement the company reached with one of its top executives. A fight between the two sides is to take place in the court next month.

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