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Twitter Shareholders will Vote on Tuesday whether to Take Musk’s bid

After Elon Musk issued a third letter to try to scuttle the $44 billion acquisition, Twitter claimed that payments to a whistleblower did not break any of its responsibilities under the agreement. The social media company declared its intention to uphold the contract and execute the transaction under the conditions and price agreed upon with Musk. Shareholders of Twitter will decide on Tuesday whether to accept or reject Musk’s buyout offer.

The board of directors of Twitter has already asked the company’s Shareholders to consent to Musk’s purchase of the business.Twitter asserted on Monday that payments to a whistleblower did not break any of its obligations under the deal, following Elon Musk’s third attempt to thwart the $44 billion takeover.

Twitter Shareholders will Vote on Tuesday whether to Take Musk’s bidThe social media giant declared in a Securities and Exchange Commission statement that it intended to uphold the contract and execute the sale under the terms and price agreed upon with Musk.Shareholders of Twitter will decide on Tuesday whether to accept or reject Musk’s buyout offer. The board of directors of Twitter has already asked the company’s Shareholders to consent to Musk’s purchase of the business.

In a follow-up letter dated Aug. 29, it was stated that the deal should not proceed due to accusations made by Zatko. In the letter on Friday, Musk’s legal team claimed that another violation of the takeover agreement was an alleged $7.75 million severance payment from Twitter to Zatko. According to Twitter, none of its duties have been broken.

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