Twitter deal: Shareholders approve sale to Elon Musk but may end up in courts
Twitter shareholders have approved an offer by Elon Musk to buy the platform for 44 billion dollars. However, the Tesla and Space X entrepreneur wants to back out of the deal. At the same time, Twitter's former security chief has been testifying before the US senate.
Tom Hals, legal reporter for the Reuters news agency says the former security chief's whistle blowing includes allegations of: "misleading or even lying to regulators about the comprehensive security plan they have to protect users' data." Musk argues this, along with uncertainty on Twitter user numbers, allows him to back out of the deal. However, Hals says, "It remains to be seen how this all turns out...if it is how the whistle-blower is saying it could be the end of the deal...but all this will have to go trial next month."
(Photo: Elon Musk attends Offshore Northern Seas 2022 in Stavanger, Norway August 29, 2022. Credit: Carina Johansen via REUTERS)
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