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Benzinga
Benzinga
Business
Shivdeep Dhaliwal

Elon Musk's Takeover Set To Get Twitter Shareholder Approval By 'Wide Margin' Today: Report

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.

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