Elon Musk may not be on board with his announced deal to purchase Twitter, but Twitter now officially is. The company’s shareholders voted Tuesday to formally approve the deal for Musk to buy the company and take it private, leaving next month’s scheduled trial the only remaining hurdle for the deal’s completion. It is, however, quite a hurdle. In October, the Delaware Chancery Court will hear the arguments.
The shareholders’ vote of approval comes after the company’s board recommended in June that the shareholders approve the deal
The approval came the same day that Peiter “Mudge” Zatko, Twitter’s former head of security who has since filed a whistleblower complaint, testified in the Senate.
“I’m here today because Twitter leadership is misleading the public, lawmakers, regulators, and even its own board of directors,” Zatko told the Senate Judiciary Committee. “The company’s cybersecurity failures make it vulnerable to exploitation, causing real harm to real people.”
Musk has sought to expand his legal claims to take Zatko’s claims into account, although Zatko’s attorneys said last month that they had not been in contact with Musk’s team.
However, a Financial Times analysis found that the whistleblower complaint is unlikely to have much of an effect on the fate of Musk’s lawsuit.
Furthermore, questions have been raised about whether Zatko’s claims strengthen Musk’s.
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