Twitter board unanimously endorses sale to Tesla CEO Elon Musk

Staff and wire reports  |  Austin American-StatesmanTwitter’s board has recommended unanimously that shareholders approve the proposed $44 billion sale of the social media company to billionaire and Tesla CEO Elon Musk, according to a regulatory filing Tuesday.Musk reiterated his desire to move forward with the acquisition last week during a virtual meeting with Twitter employees, though shares of Twitter remain far below his offering price, signaling considerable doubt that it will happen.On Tuesday at the Qatar Economic Forum in an interview with Bloomberg, Musk listed the approval of the deal by shareholders as one of several “unresolved matters” related to the Twitter deal.More: Elon Musk says Austin-based Tesla battling through ‘tough quarter’More: Elon Musk sells $8.5 billion worth of Tesla stock following Twitter dealMore: Wild idea: Rancher offers Elon Musk free land to move Twitter HQ to Williamson CountyShares of Twitter were essentially flat just before the opening bell Tuesday and far short of the $54.20 per-share that Musk has offered to pay for each. The company’s stock last reached that level on April 5 when it offered Musk a seat on the board before he had offered to buy all of Twitter.In a filing with the U.S. Securities and Exchange Commission…
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