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Twitter board approves Musk’s $44 billion bid

NEW YORK — Twitter’s board of directors has unanimously recommended that shareholders approve the company’s proposed $44 billion sale to billionaire and Tesla CEO Elon Musk, according to a regulatory filing Tuesday.

Musk reiterated his desire to move forward with the acquisition last week during a virtual meeting with Twitter employees, although Twitter shares remain well below its offer price, signaling a considerable doubt that this will happen.

At the Qatar Economic Forum on Tuesday, in an interview with Bloomberg, Musk listed shareholder approval of the deal as one of many “unresolved issues” related to the Twitter deal.

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Post expires at 8:00pm on Sunday July 3rd, 2022