Twitter anticipates holding a shareholder vote on its $44 billion sale to Elon Musk as soon as early August, the social media company’s top executives told employees on Wednesday.
Musk’s lawyers warned Twitter on Monday that he might walk away from the acquisition if the company fails to provide the data he seeks on spam and fake accounts, but the social media firm appears to be intent on executing the sale.
A Twitter spokesperson explained that the company plans to fully enforce the terms of the April 25 contract Musk signed to buy the company at $54.20 per share.
