Multiple outlets are reporting that Twitter shareholders have voted to approve Elon Musk's purchase of the social media giant.
CNBC:
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 onto 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.
Twitter shareholders want the company to take the $44 billion offer and hand the company over to the Tesla CEO.
More from The Verge:
The approval means that Musk and Twitter will proceed to an October trial in the Delaware Court of Chancery. Musk is set to argue that Twitter concealed important facts about its internal operations, including an alleged undercount of spam and bot accounts on the platform as well as details revealed by former Twitter security head Peiter "Mudge" Zatko. Twitter will push to close the deal regardless, alleging that Musk's complaints are merely a pretext for backing out.
Meanwhile, Zatko's revelations will likely continue to draw separate interest from regulators and lawmakers — including questions from members of Congress this morning.
Twitter has given the go-ahead for the sale and will proceed to try to force Musk to come through on his end of the bargain.
There's still plenty of drama left to unfold.
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