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Twitter’s board of directors recommended shareholders vote in favor of Elon Musk’s takeover

Intermediate

Technology

June 22

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In

a regulatory filing
on Tuesday, the
board of directors of the social media giant
said that its shareholders should
vote in favor
of the proposed $44 billion sale.

Before, in April, Musk made an offer of $54.20 per share to buy out the public company. But since then, shares of the company have dropped along with the rest of the market. On Friday, the stock closed at about $38, which was 34% less than Musk's offering price. The deal has not gone well at all. Early in June, Musk said that Twitter was not giving him the information he wanted about

spam accounts
, so he threatened to end the whole deal. In response, Twitter said it was still
committed to the deal
and was giving Musk the information he asked for. But as recently as Tuesday morning, Musk said he still wanted to know the real number of Twitter users.

Từ vựng

VOCAB 1/5

a regulatory filing

một hồ sơ quy định

card-vocab

board of directors of the social media giant

ban giám đốc của gã khổng lồ truyền thông xã hội

card-vocab

vote in favor

bỏ phiếu ủng hộ

card-vocab

spam accounts

tài khoản spam

card-vocab

committed to the deal

cam kết với thỏa thuận

card-vocab

Quiz

QUIZ 1/3

How many people are there on Twitter's board of directors?

1

0% chọn

2

0% chọn

Not specified

0% chọn

What was Musk's offer?

What information did he want from Twitter?

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