The shareholders of the social network should, without surprise, validate the redemption that the billionaire tries to have canceled.
Le Monde with reuters
Twitter shareholders officially have until Tuesday, September 13 to vote for the social network buy -back proposal by Elon Musk for $ 44 billion, but, according to sources from the Reuters news agency, the proposal A D ‘Ores already collected the majority of votes.
Reuters sources asked to keep anonymous before the official announcement of results. Neither Twitter nor the representatives of Elon Musk responded to a comment request. But the adoption of the proposal would not be a surprise: Mr. Musk had proposed a buyout of actions at a price significantly higher than their current course.
Meanwhile, Mr. Musk, founder and managing director of Tesla, reversed his offer at the beginning of July. He accuses the social network of having failed in his contractual obligations, by providing him with erroneous or incomplete data, in particular on the number of false accounts; Some observers explain that it is more likely the fragility of the financial assembly designed by Mr. Musk who could be the source of this turnaround.
The social network rejected the accusations and brought a trial to Elon Musk for violation of the buyout agreement. A hearing is scheduled for October 17 before a court in Delaware, in the United States.
Coincidence of the calendar, shareholders’ vote ends while a Senate parliamentary committee must hear, at the end of the day, the former Twitter IT security chief, Peer “Mudge” Zatko. Mr. Zatko, licensed at the start of the year, says that Twitter has seriously failed in his operations in terms of privacy and protection of privacy, which the social network disputes.