This week, a resounding majority of Twitter shareholders approved Elon Musk’s $44 billion takeover offer, at $54.20 per share.
Almost 25% less than the sale price, the company’s stock began this week priced at slightly under $41 per share.
According to a preliminary count, 98.6% of the votes cast on Tuesday were in support of the agreement, Twitter announced.
Musk originally requested to end the arrangement in a letter delivered in July, claiming that Twitter had broken the terms by exaggerating the quantity of spam and phony bot accounts available on its site.
Twitter sued Musk to complete the acquisition, alleging that the billionaire used bots as an excuse to back out of a contract after experiencing buyer’s remorse after the market fell.
