In today’s vote on Elon Musk’s proposal to acquire Twitter for $44 billion, the company’s shareholders will support its sale. This became known to The Wall Street Journal newspaper from sources aware of the course of the preliminary vote gathering of Twitter shareholders regarding the deal. According to the newspaper, the number of advocates for the sale of Twitter to Elon Musk far outweighs the number of those who do not support the deal. Voting itself will take place today at 20:00 Moscow time.
The sale is being advocated, among others, by several large Twitter shareholders, including index fund managers who control a combined 20% stake in Twitter. Mr. Musk himself, the largest shareholder of Twitter with a share of about 10%, has not yet indicated his position, and, as the WSJ notes, he is unlikely to do so, given that he is now seeking the cancellation of this deal through the courts based on Twitter violations. However, even without the vote of Mr. Musk, according to WSJ sources, the support of other shareholders will be enough to approve the deal.
Recall that Peter Zatko, the former head of security at Twitter, will testify in the US Senate today, who should present his version of the violations in the company. Mr. Musk considers the statements of Peter Zatko a serious reason to terminate the deal.