Elon Musk had retired from the agreement to buy back the social network from the blue bird. But a new twist in the case took place since sources affiliated with the agency press releases Reuters have confirmed a new Twitter shareholder vote last night.
reverse gear engaged in early July
Elon Musk had done about-face in July on its buyout offer. Indeed, he accused Twitter of lying about its number of fake accounts by providing incorrect or incomplete data. He also accused them of hiding the truth on the number of monetizable accounts. These claims have been refuted by Twitter executives, and some observers had speculated that Elon Musk had withdrawn from the agreement because of the fragility of its financial arrangement.
The social network responded with a complaint for violation of the buyout agreement, the trial of which will be held on October 17 before the American justice. Except that according to Reuters, the shareholders voted overwhelmingly for a takeover of the social network by the founder of Tesla and SpaceX.
a snub to Elon Musk
According to the law, the billionaire would not have no other choice to honor its takeover offer amounting to $44 billion. Furthermore, in last weekend, a lawyer for the billionaire said that a payment of approximately $7 million was made on the account of Peiter Zatko, a whistleblower, by Twitter. Except that this person was responsible for the security of the company, and otherwise filed a complaint accusing the company neglecting to protect sensitive data and lying about security issues. It is therefore a major asset for billionaire Elon Muskwho asked Peiter Zadko to testify.
This case is far from over, and the ongoing legal proceedings is likely to experience several other twists.
Discover the condition for which Elon Musk promises to lower the price of his Tesla