Twitter Shareholders Have Approved Elon Musk's Acquisition Elon Musk trial date
Twitter shareholders have voted to approve Elon Musk's $44 billion acquisition of the company, CNBC reports.
Musk originally offered to purchase Twitter back in April, which the company accepted, despite the shareholders initially attempting to stop the buyout. In July, however, Musk withdrew his offer to buy the company.
Twitter shareholders announcing the approval of the buyout comes as Musk and Twitter are currently in an ongoing lawsuit, with the trial set to begin in October. Twitter filed the lawsuit shortly after Musk rescinded his offer to buy the company, but has made it clear that it wants to try and close the deal.
Musk will argue that Twitter has been withholding critical information about its internal operations. This includes the number of bot accounts registered on the platform and the allegations about its lax security policies as made last month by Peiter "Mudge" Zatko, the former head of security at Twitter.
As the trial date for the lawsuit draws near, Zatko's accusations last month drew interest from lawmakers who held a hearing today regarding Twitter's data practice, with Zatko providing testimony before the Senate Judiciary Committee.
Taylor is the Associate Tech Editor at IGN. You can follow her on Twitter @TayNixster.
This story originally appeared on: IGN - Author:Taylor Lyles