Washington: The microblogging tech giant Twitter Inc’s shareholders approved the takeover bid amounting to $44 billion by Elon Musk on Tuesday.
According to a Bloomberg report, the majority of Twitter shareholders voted in favour of accepting the offer made by Tesla CEO Elon Musk at the rate of $54.20 per share.
Elon Musk is currently in the middle of a legal battle with Twitter over the takeover bid. Earlier in July. Musk announced that he will cancel the agreement and alleged that Twitter misled him about the number of spam accounts and bots on the social media platform.
The report further added that the shareholder’s meeting lasted for a few minutes and ended after taking the poll.