Elon Musk’s $44 billion acquisition of Twitter has been approved by the majority of Twitter’s shareholders. Stockholders voted to endorse the merger agreement with Musk and to support a proposal for how the company’s executives will be paid as a result of the deal during a special shareholder meeting that lasted around seven minutes.

Both proposals were passed; however, Twitter will reveal the precise vote breakdown “at a later date” when it files documents with the Securities and Exchange Commission.

Despite the deal’s formal approval by shareholders, who valued each share at $54.20, it will be decided whether Musk has the right to terminate the agreement at a trial in Delaware’s Court of Chancery in October. The judge in the case 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. Musk initially cited concerns about bots and spam as reasons for terminating the merger agreement, though Twitter’s lawyers argued he was actually concerned about “World War 3.”

Separately, Zatko gave testimony at a Judiciary Committee hearing on Tuesday, when he clarified his claims that Twitter’s security procedures endanger American national security.


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