World’s richest man Elon Musk is one step closer to his Twitter takeover; the board approved Musk’s bid on Tuesday, saying “has unanimously…determined that the merger agreement is advisable.”
From Fox News…
“The Twitter Board, after considering various factors described in the section of this proxy statement captioned “The Merger— Recommendation of the Twitter Board and Reasons for the Merger,” has unanimously: (1) determined that the merger agreement is advisable and the merger and the other transactions contemplated by the merger agreement are fair to, advisable and in the best interests of Twitter and its stockholders; and (2) adopted and approved the merger,” the company said in a Securities and Exchange Commission filingon Tuesday.
Musk has been very transparent about his plans —making Twitter as accessible and approachable as possible.
“Ideally I’d like to get like 80% of North America and perhaps, I don’t know, half the world or something ultimately on Twitter in one form or another,” he explained. “And that means it must be something that is appealing to people. It obviously cannot be a place where people feel uncomfortable or harassed, or they’ll simply not use it.”