Twitter’s Board Unanimously Accepts Elon Musk’s $44 Billion Acquisition Bid


The board said the proposed takeover is “prudent and to the greatest advantage of Twitter and its investors.”

Twitter’s board, according to an SEC filing today, is unanimously asking shareholders at an upcoming special meeting to approve Elon Musk’s $44 billion bid to acquire the social media giant.

The authority proposal brings Musk’s buyout of the organization one bit nearer to completion, only a short time after the world’s most extravagant man played with leaving the arrangement.

Board individuals said in the Securities and Exchange Commission documenting that the proposed takeover is “prudent and to the greatest advantage of Twitter and its investors.” Musk’s buyout offer was for Twitter investors to be repaid at $54.20 an offer. As of this composition, shares were up around 3% on the day to nearly $39.

Whenever finished, the buyout could turn into a significant achievement for crypto. Soon after Musk’s April offer, the tycoon has underscored that incorporating installment administrations — potentially Dogecoin — with the stage is one of three “basic regions” he plans to focus on once taking the organization private. Musk has more than once expressed that he expects for Twitter to empower installments in both fiat and crypto.

Twitter’s Board Unanimously Accepts Elon Musk’s $44 Billion Acquisition Bid
Via BitLive.

Last week, while hosting a Q&A session with Twitter employees, Musk recommitted to this goal.

“Money is fundamentally digital at this point,” he reportedly told Twitter personnel. “It would make sense to integrate payments into Twitter so that it’s easy to send money back and forth.”

However an unmistakable crypto devotee, Musk likewise has communicated worries over specific components of crypto’s web-based presence. At a similar Twitter representative occasion last week, the Tesla and SpaceX CEO lamented the predominance of crypto tricks on Twitter, and he’s recently scrutinized the stage’s joining of NFTs.

In any case, Musk’s most-cited Twitter-related complaint has been the commonness of bots and spam. Recently, Musk’s lawyers sent a letter to Twitter, guaranteeing the organization was in break of the consolidation’s terms by neglecting to unveil precisely the amount of its client base was bot and spam accounts. Twitter has since given Musk admittance to a “firehose of information” that incorporates each Tweet at any point composed.

Specialists generally considered that transition to be an endeavor by Musk to acquire influence to revise a more ideal arrangement.



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