Social media giant Twitter will hold a shareholder vote for the sale of the company to Elon Musk.
Twitter announced today that a shareholder vote will be held for the sale of the company on September 13.
In its call to shareholders, the company suggested that shareholders vote to approve it.
Tesla CEO Elon Musk announced earlier this week that he had canceled the deal, citing Twitter’s failure to provide him with the necessary information. After that, Twitter sued Elon Musk.
Corporate governance expert Nell Minow said the timing of the shareholder vote Twitter initiated to finalize the deal was probably not a coincidence.
The fact that the shareholder vote was held before the lawsuit hearing reveals that Twitter is continuing the deal in its normal course.
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