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Board approves selling Twitter to Musk for $44 billion

Twitter’s board of directors has approved the sale of the microblogging site to Elon Musk for $44 billion.

Twitter made a regulatory filing in this regard with the US Securities and Exchange Commission on Tuesday. The Twitter board has unanimously approved the purchase of Musk for $ 44 billion.

The Board found that the merger agreement is acceptable and that the transaction is in the interest of Twitter and its shareholders.

Shares of Twitter jumped nearly three percent to $38.60 per share after the news.

Musk said on Tuesday that there are still some unresolved issues with Twitter. Musk told the Qatar Economic Forum that he was still waiting to find out the actual number of bots on Twitter.

He also said that he does not want to be the CEO of Twitter. Annoyed by the massive presence of bots on Twitter, Musk put the deal to acquire Twitter on hold in May.

Disclaimer: This is a news published directly from IANS News Feed. With this, the News Nation team has not done any editing of any kind. In such a situation, any responsibility regarding the related news will be of the news agency itself.

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