Twitter shareholders vote to approve Musk’s bid to buy the company

Twitter shareholders vote in favor of Elon Musk's takeover

Twitter shareholders voted Tuesday to approve Elon Musk’s $44 billion bid to buy the company and take it private.

The vote comes as Musk seeks to scrap the deal, casting doubt on Twitter’s self-reported percentage of fake accounts and alleging the company was not as forthcoming as it should have been with its explanation of the calculation. Twitter has stood by its figure of less than 5% of monetizable daily active users being spam or fake and has said it’s provided Musk plenty of information meeting the requirements of the deal.

This illustration photo taken on August 5, 2022 shows a cellphone displaying a photo of Elon Musk placed on a computer monitor filled with Twitter logos in Washington, DC.

Samuel Corum | AFP | Getty Images

A timeline of the Elon Musk-Twitter takeover saga