Twitter has decided to hold a shareholder vote on reselling the company to Elon Musk on September 13 this year, and Twitter shareholders can attend the online meeting and vote remotely.
The announcement comes as Twitter is embroiled in a legal battle with Elon Musk. Earlier this month, Elon Musk tried to end a $44 billion acquisition of Twitter on the grounds that Twitter did not provide enough information about fake accounts.
A few days later, Twitter filed a lawsuit against Elon Musk, demanding that the court force him to comply with the deal. The Twitter side said it had made an effort to provide the information Musk requested.
In addition, Twitter has also implemented various evaluation standards in the process of calculating fake accounts. According to the latest information, the lawsuit will be brought to trial within 5 days in October.
The shareholders' vote will play a key role in Twitter completing Elon Musk's acquisition. Twitter's board unanimously recommended that shareholders vote in favor of the deal at $54.20 per share under the terms of an agreement signed in April.
If all shareholders vote to buy Twitter, it would become an advantage for Twitter in the legal battle with Elon Musk.
