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Twitter to vote on Musk merger in September 13 shareholder meeting

Shareholders will vote on the merger agreement between Twitter and Elon Musk in a virtual meeting.

The waters have been turbulent between Twitter and Tesla’s Elon Musk over the last few months, with the two parties currently set to face off in court over Musk attempting to back out of the $44 billion acquisition. Now, the matter is set to get even more heated as it was recently revealed that Twitter will be holding a shareholder meeting on September 13 to vote on the company’s acquisition by Musk.

The news comes courtesy of outlets including CNBC and a filing by Twitter with the Securities and Exchange commission. If you’d like to follow along with the proceedings via webcast, it's noted that the shareholder meeting will begin at 10:00 a.m. (PST) on the aforementioned date of September 13.

Image shows Elon Musk in a black tuxedo looking off to the left.
© CNBC

According to reports, Twitter’s board of directors will push for an affirmative vote during this meeting. With this, it sounds like additional pressure could be put on Musk to uphold his end of the acquisition.

Image shows silhouettes of people looking at their phones with the Twitter bird logo in the background.
© REUTERS/Kacper Pempel

All in all, it’ll be interesting to see how things go down during the September 13 shareholder meeting, and whether there will be enough votes to, as the filing puts it, “consummate the closing.” It’ll also be interesting to see how the shareholder meeting impacts the legal battle between Twitter and Musk.

For more on this, be sure to read through some of our previous coverage of the matter, including how Twitter’s lead lawyer stated that Musk was never going to take yes for an answer in regards to the merger.

Senior Editor

Morgan is a writer from the frozen wastelands of Maine who enjoys metal music, kpop, horror, and indie games. They're also a Tetris fanatic who's fiercely competitive in games like Tetris 99... and all games in general. But mostly Tetris. You can follow Morgan on Twitter @Author_MShaver.

From The Chatty
  • reply
    July 26, 2022 4:05 PM

    Morgan Shaver posted a new article, Twitter to vote on Musk merger in September 13 shareholder meeting

    • reply
      July 26, 2022 4:44 PM

      should throw it on twitch votes. with write in

    • Zek legacy 10 years legacy 20 years
      reply
      July 26, 2022 6:39 PM

      What's the vote for? It's not up to them if the deal goes through. And I see no reason for them to vote to let him walk away for cheap.

      • reply
        July 27, 2022 9:32 AM

        The whole deal had always been contingent on shareholder approval. Twitter management can't just approve a sale to Musk without the approval of the actual company owners, the shareholders.

        This is that approval. The Twitter shareholders can vote to reject Musks offer and then that's it, no deal. Or they can vote to approve, and the lawsuits and all that will continue.

    • reply
      July 26, 2022 6:44 PM

      oooooh, I get to vote in this, nice

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