Twitter Agrees to Sell, But Elon Musk Plays the Tug of War

thecekodok

 The controversy over Elon Musk's $44 billion acquisition of Twitter Inc is almost at an end, but the billionaire is still playing tug-of-war.


It is understood that the majority of Twitter shareholders agreed to sell the company to Musk through a vote that lasted until Tuesday.


Still, Monday's average vote alone saw a majority in favor of the $44 billion sale of the social media company.


But the situation on the other side is seen differently when Musk insists on refusing to go ahead with the $44 billion purchase of Twitter.



According to Musk, he said Twitter misled him about the requested spam account and was not informed about the salary settlement the company reached with one of its top executives.


The allegations have been denied by Twitter's lawyers saying Musk made 'false and invalid' claims.


For information, court proceedings between Musk and Twitter are scheduled to take place next week.


As of this writing, Twitter shares are trading 1.85% lower at $41.41.


In a separate news, Twitter has paid a sum of compensation to the former Chief Security Officer of Twitter, Peiter 'Mudge' Zatko to keep his mouth shut.


He has been the subject of controversy but is more inclined to favor Musk when Zatko's testimony will be used in court later.

Tags