Twitter takeover is another step for Elon Musk


Billionaire Elon Musk is about to take over Twitter. The platform’s board approved the sale on Tuesday. Shareholders still have to vote.

The board of directors unanimously approved the acquisition on Tuesday. The Board recommends that shareholders do the same. It is not yet known exactly when they will vote.

Musk made an offer of 44 billion dollars (41.8 billion euros) in April on the social network. After that, the takeover was put on hold, due to disagreements over the number of bots and fake accounts on the platform.

The billionaire questioned a report from Twitter in early May that less than 5% of the platform’s daily users are spam accounts. According to Musk, it’s more likely to be 20%.

Until there is clarity on the exact number, the takeover is on hold, the billionaire announced at the time. By now, he would have had access to all the information about the number of fake accounts and active spams on the platform.

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