Elon Musk doesn’t want Twitter anymore? Never mind, the social network doesn’t intend to let it go so easily. At the last general meeting, the overwhelming majority of the company’s shareholders voted in favor of its takeover by the billionaire. In fact, 98.6% of them stated that they wanted to continue until the end of the operation, and this was right as soon as possible.
“Twitter is ready and willing to complete the merger with Mr. Musk’s affiliates immediately and in any event by September 15, 2022, the second business day following the fulfillment of all precedent conditions, which is the period required by the merger agreement.”, the company said in an official statement. Suffice to say the time seems relatively short.
Twitter wants to be bought by Elon Musk at all costs
Of course, the result of this vote comes as no surprise to anyone. At $54.20 per share, Elon Musk’s offer is particularly generous compared to Twitter’s true value. Yesterday, the social network’s action was valued at $41, or 25% less than the businessman was ever prepared to pay to buy the company. However, this attempt now seems doomed to complete failure.
Indeed, this vote comes just days after Elon Musk sent another letter trying to justify his refusal to buy Twitter. After the revelations of former security chief Peiter Zatko, who became the whistleblower by detonating the notorious bombshell regarding the number of genuine fake accounts on the platform, the businessman is now pointing to the latter, possibly $7.75 million in payment. to buy your silence.
