If the deal goes through, the popular social network would go private.
Twitter shares rose around 2 per cent in yesterday afternoon trading on the news, The Wall Street Journal reports. Despite the approval, the buyout has been a rocky one so far.
In July, Mr Musk said he wants to pull out of the deal, claiming Twitter made “false and misleading representations” about the number of fake accounts on the platform and other security issues.
In response, Twitter sued Mr Musk later that month, arguing the billionaire’s attempt to back out was “invalid and wrongful” under the terms of an April contract. The case is expected to go to trial in October in Delaware.
This story is from the September 14, 2022 edition of The Independent.
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This story is from the September 14, 2022 edition of The Independent.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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