Twitter’s board unanimously approved Elon Musk’s offer
California: A further کی 44 billion deal between Tesla and SpaceX owner Elon Musk and Twitter management has emerged.
Elon Musk’s offer was unanimously approved by the company’s board of directors on Tuesday, according to a US Securities and Exchange Commission document.
Shares of Twitter rose less than 1% in early trading on Tuesday, selling just over 38 38 a share. However, according to the offer made by Musk, all the shares of Twitter will be bought at the rate of 54 54 per share.
The document came just days after the commission held a virtual meeting with Musk’s Twitter staff. Which shows the seriousness of buying Elon Musk’s social media platform.
Last month, Elon Musk said he was postponing the review because of delays in reviewing Twitter’s policies.
Musk threatened to cancel the deal if the company did not provide evidence that there were less than 5% of fake accounts on the platform.
In his previous statements, Elon Musk said that he estimates that 20% of Twitter’s 229 million users are fake.