Close Menu

    Get the latest news around the globe

    Editor's Pick

    Google to introduce privacy tools to remove personal images

    HSBC’s profits climb 10% as bank unveils major global restructuring

    Simple diet swap found to lower blood pressure; Study

    Facebook X (Twitter) Instagram
    Facebook X (Twitter) LinkedIn Instagram
    Britain HeraldBritain Herald
    Subscribe
    • Home
    • World Roundup
    • Business
    • Tech World
    • Entertainment & Events
    • Curious
    • More…
      • Spotlight
      • Knowledge
      • Lifestyle
      • Awareness
      • Women World
      • Sports
      • Travel
      • Notable
      • Contact Us
    Britain HeraldBritain Herald
    Home » Twitter shareholders greenlight its sale to Elon Musk
    World Roundup

    Twitter shareholders greenlight its sale to Elon Musk

    Twitter shareholders approved a $44 billion buyout by billionaire Mr. Elen Musk, setting the stage for a trial next month to determine the deal’s fate.
    Desk ReporterBy Desk ReporterSeptember 14, 2022
    Facebook Twitter LinkedIn WhatsApp
    Elon Musk on Twitter Logo
    Mr. Elon Musk

    San Francisco, California, US: Shareholders of the US-based microblogging and social networking service, Twitter have voted in favor of a deal with Mr. Elon Musk to buy the company for $44 billion.

    The decision was made during a brief conference call with investors from Twitter’s San Francisco headquarters.

    The development means that the firm will try to force business magnate and investor, Mr. Elon Musk to buy the company through legal procedures. The meeting followed Twitter’s former security Chief Mr. Peter Zatko’s explosive testimony before the US Senate.

    Earlier in the year, Twitter had agreed to sell the company to Mr. Elon Musk, the world’s richest man. However, the deal fell apart after Mr. Musk accused Twitter of misrepresenting the number of spam and bot accounts on the platform.

    Later in May, the Tesla CEO stated that he doesn’t want to buy the company but, Twitter maintains that Mr. Musk can’t back out of the deal which he is legally obligated for.

    The microblogging  revealed that bots make up less than 5 percent of its monetized daily active users, while, Mr. Musk argues it could be many times higher. Twitter is currently valued $32 billion, considerably below the $44 billion offer from Mr. Musk.

    The recent vote could have signaled the end of Twitter’s legal investigation, but shareholders have now given the company the green light to pursue Mr. Musk in court. The two will meet in front of a Delware state court in October. At the hearing, the judge will decide whether or not Mr. Musk should buy the company.

    Shortly before the shareholder decision, Twitter whistleblower Mr. Pieter Zatko testified in Washington about alleged security flaws before the Senate Judiciary Committee.

    GoogLe: Google sued with a $25 billion claim for depriving newspapers of ad revenue

    STAR OF SECTOR 2025
    Twitter Elon Musk
    Share. Facebook Twitter LinkedIn WhatsApp
    Avatar
    Desk Reporter

    The news/article published above has been sourced, compiled, and corroborated by a member of the Britain Herald News Desk Team. If you have any queries or complaints about the published material, please get in touch with us at BritainHerald@Gmail.Com

    Newly Updated

    UK to announce fresh sanctions on shadow fleet

    May 9, 2025

    US-China trade talks: Trump signals tariff reduction

    May 9, 2025

    London Mayor Sadiq Khan backs green belt development

    May 9, 2025
    STAR OF SECTOR 2025

    Business

    US-China trade talks: Trump signals tariff reduction

    World Roundup May 9, 2025

    United States: US President Donald Trump has hinted at a potential easing of tariffs on…

    MJ Mathew Takes Executive Role at WellMade Network

    May 8, 2025

    UK and India sign trade deal to slash tariffs and boost exports

    May 7, 2025

    DoorDash to take over Deliveroo in landmark international deal

    May 6, 2025
    Stay In Touch
    • Facebook
    • Twitter
    • LinkedIn
    • Instagram

    Curious

    Glowing Spiral appears in night sky; Linked to SpaceX Falcon 9 Rocket

    March 25, 2025

    Once dubbed ‘Ugliest’; Blobfish triumphs as NZ ‘Fish of the Year’

    March 19, 2025

    Giant Iceberg A23a runs aground near South Georgia; Easing wildlife fears

    March 5, 2025

    NASA Astronauts to return after nine months in Space

    March 5, 2025

    Get the latest news around the globe

    Knowledge

    Kashmir conflict: History of disputes, wars, and unresolved tensions

    World Roundup May 9, 2025

    New Delhi, India / Islamabad, Pakistan: The Kashmir conflict between India and Pakistan has spanned…

    Snakebite survivor’s blood sparks universal antivenom discovery

    May 3, 2025

    ESA’s Biomass satellite set for launch to map forest carbon

    April 29, 2025

    Gigil: The new dictionary word for irresistible cuteness overload

    March 27, 2025
    18-EA-387-TryEngineeringSummerInst_BannerAd_300x250_Robot
    About Us
    About Us

    Britain Herald is a global news brand that plays a significant role in educating and informing the masses with informative content, the latest updates, and current affairs across the World.

    Operated and Managed by WellMade Network, the portal is a sister concern of GCC Business News and Emirati Times. For inquiries about Media Partnerships, Investment and other opportunities in line with our Editorial Policy, please contact us at;

    Email Us: News@BritainHerald.com
    Whatsapp: +971 5060 12456

    We Have

    UK to announce fresh sanctions on shadow fleet

    May 9, 2025

    US-China trade talks: Trump signals tariff reduction

    May 9, 2025

    London Mayor Sadiq Khan backs green belt development

    May 9, 2025

    Kashmir conflict: History of disputes, wars, and unresolved tensions

    May 9, 2025
    Facebook X (Twitter) LinkedIn Instagram
    • Home
    • Business
    • Tech World
    • Awareness
    • Contact Us
    Privacy & Cookies Policy | Terms & Conditions
    © 2002 BritainHerald.com, An Initiative by WellMade Network

    Type above and press Enter to search. Press Esc to cancel.