Twitter shareholders approved this Tuesday (13) the purchase of the social media platform by billionaire Elon Musk for US$ 44 billion, a process in which the businessman reversed and ended up in the United States Court. According to a company statement, 98.6% of the votes were for the completion of the deal.
“Twitter is ready and willing to complete the merger with Mr Musk’s affiliates immediately, and in any event no later than September 15, 2022, the second business day following fulfillment of all conditions precedent, which is timeline required by the merger agreement,” the platform said.
In July, Musk notified Twitter that he was backing out of the purchase because the company would not have provided the business information he requested.
The entrepreneur wanted proof of the social media platform’s claims that less than 5% of its daily active users are fake or spam accounts. Days later, Twitter went to court to force the billionaire to complete the deal. The trial in the case, which will take place in the US state of Delaware, has been scheduled for October.
Musk recently sent another statement to Twitter to rescind the deal, alleging that an alleged $7.75 million damages paid to former security chief Peiter Zatko violated a clause in the acquisition agreement.
On Tuesday, Zatko testified to the US Senate, where he alleged that Twitter has serious security and privacy vulnerabilities, including the presence of foreign intelligence agents on its staff.
Zatko argued that there was “at least one agent” from China’s intelligence service on Twitter’s payroll and that the company deliberately allowed agents from India to join the platform’s staff.
The company denied the allegations, said it took strict measures to protect the security and privacy of its users and claimed that its hiring process was “independent of any foreign influence”.
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