City
Epaper

Twitter shareholders set to vote on Musk's $44 bn takeover bid

By IANS | Updated: September 13, 2022 11:00 IST

San Francisco, Sep 13 Twitter shareholders were set to vote on Tuesday whether to approve or reject Elon ...

Open in App

San Francisco, Sep 13 Twitter shareholders were set to vote on Tuesday whether to approve or reject Elon Musk's $44 billion takeover bid and according to reports, most company shareholders still want the deal to go through.

Twitter's board of directors have earlier requested shareholders to approve the Musk deal, according to reports.

In its latest filing with the Securities and Exchange Commission (SEC), Twitter also denied any breach in paying $7.75 million severance payment to whistleblower Peiter "Mudge" Zatko.

Last week, the Tesla CEO shot off a third notice to Parag Agrawal-led Twitter, aimed at terminating the $44 billion takeover deal.

Musk's legal team cited Twitter's multi-million dollar severance payment to former security chief Zatko.

According to The Verge, the notice was sent to Twitter's chief legal officer Vijaya Gadde.

The Tesla CEO is also trying to buy more time from the court to kick off the Twitter trial, set for October 17, citing the upcoming testimony by Zatko.

Musk's legal team has proposed a new timeline that would push the week-long trial to late November.

The former Twitter security head has alleged that Twitter misled regulators about its security practices and actual number of bot accounts.

Musk has said that the testimony of Twitter whistleblower justifies his termination of the $44 billion deal to buy the micro-blogging platform.

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Tags: TwitterVijaya GaddeElon muskTwitter twitterTwitter sevaTwitter cmoTwitter inc.Twitter inc
Open in App

Related Stories

NationalPM Narendra Modi Discusses Tech and Innovation Collaboration With Elon Musk

Social Viral'Indians Take Dolo 650 Like It’s Cadbury Gems': US-Based Doctor’s Tweet Sparks Funny Memes and Jokes Online

MumbaiEid al-Fitr 2025: Mumbai Police on High Alert After Social Media Post Warns of Riots and Bomb Blasts in Dongri on Ramadan Eid

MumbaiMumbai: Sameer Wankhede Files Defamation Case Against Woman Over Social Media Allegations

TechnologyGrok New Feature: Elon Musk Releases Video of X's AI Chatbot Introducing New Image Editing Tool

Technology Realted Stories

TechnologyTech Mahindra headcount drops by 1,757 in Q4

TechnologyCentre extends financial aid to indigenous indoor air purification solution

TechnologyIndia to soon launch safety assessment rating for trucks and heavy vehicles: Nitin Gadkari

TechnologyBroadband subscribers stand at 944.04 million in Feb, tele-density up: TRAI

TechnologyIndia achieves breakthrough in gene therapy for haemophilia: Minister