Elon Musk's $44 billion takeover of Twitter has been approved by the company's shareholders. Shareholders approved two proposals at a special meeting that lasted only seven minutes: one to adopt the merger agreement with Musk, and another related to the compensation of the company's executives.
Both measures passed, but Twitter will reveal the exact vote tally "at a later date" when it files documents with the SEC.
Although shareholders voted in favor of the deal, with a price per share of $54.20, the trial in Delaware's Court of Chancery will determine whether or not Musk can void the contract in October. Although Twitter's attorneys claimed that Musk was actually worried about "World War 3," the judge ruled that Musk will be able to add claims raised by the company's former security chief turned whistleblower, Peiter Zatko, to his legal bid.
This comes on the heels of Zatko's testimony before the Senate Judiciary Committee on Tuesday, where he provided additional details to support his claims that Twitter's security practices endanger U.S. national security.
