Twitter and Elon Musk’s current saga has taken a completely new turn. Reports are coming out that Twitter shareholders are approving the $44 billion dollar deal that Elon Musk proposed earlier in the year to purchase Twitter. It seems as if Twitter’s board is trying to wrap Mr. Musk into this deal.
In April, Elon Musk proposed a deal to purchase Twitter which was a pretty interesting move. He stated that they wanted to create a more just and fairer social network. It was a noble initiative, but we all know that we should take what anyone with power says with a grain of salt.
At one point it seems as if the deal was going through, but the interesting thing was, that there was a bit of hesitancy and confusion among Twitter board members due to the speed of the deal and how adamant Elon Musk was at the time.
In that swirl of confusion, it seems as if most of the powerhouses of Twitter were behind the deal, Jack Dorsey who is one of the founders and former CEO of Twitter gave it the green light and that was a massive boost for Elon Musk.
A couple of weeks later in May, Elon Musk came out stating that he is worried about purchasing the company due to a large number of bots and spam on the platform.
Analysts outside looked at this as a poor excuse including the board members, the Twitter deal was already toxic and this further adds more gas to the flame. Ever since legal battles ensue and the matter is now in court.
The two are set to meet in front of a Delaware state court in October. During the hearing, a judge will decide whether or not Mr. Musk has to buy the company.
