Twitter’s shareholders have officially voted in favor of Elon Musk’s proposed $44 billion buyout of the company. And that’s even with Musk shouting across the ring that he doesn’t want the deal to go through. The majority approval isn’t exactly surprising; with Twitter stock currently riding around the $41-per-share mark, shareholders would profit from Musk’s bid.
Shareholder approval allows Twitter’s lawsuit against Musk to move forward in the Delaware Court of Chancery. That lawsuit was filed after Musk attempted to back out of the deal he’d signed to acquire Twitter at a price of $54.20 per share.
