
Shareholders of Twitter Inc (NYSE: TWTR) are likely to approve the $44 billion takeover led by Tesla Inc (NASDAQ: TSLA) CEO Elon Musk — a proposal the billionaire entrepreneur is no longer keen on seeing through.
What Happened: Early trends indicate investors approving the deal by a wide margin, according to a Wall Street Journal report, which cited people familiar with the matter. The shareholder meeting is scheduled for Tuesday at 1 p.m. EDT, according to the Journal.