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Bangkok Post
Bangkok Post
Business

Twitter shareholders vote in favour of Musk's $44bn offer

Elon Musk Peiter Mudge Zatko United States Twitter Inc. New York
Peiter "Mudge" Zatko, former head of security at Twitter, testifies before the Senate Judiciary Committee on Capitol Hill in Washington on Tuesday. Getty Images/AFP

NEW YORK: Twitter Inc shareholders approved billionaire Elon Musk's proposed $44 billion buyout, paving the way for a trial next month to determine the deal's fate.

A majority of Twitter shareholders voted in favour of accepting Musk's $54.20-a-share offer to acquire the social-networking company, according to a preliminary vote count read on Tuesday.

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