Twitter sets date for shareholders to vote on Elon Musk’s USD 44 billion takeover offer

Despite Twitter’s ongoing legal battle with Elon Musk, the microblogging site has set a date for its shareholders to vote to approve its USD 44 billion takeover offer by Tesla CEO. As per CNN, Twitter on Tuesday sent shareholders a letter saying it would hold a virtual special meeting on September 13 to vote on the merger agreement.

The shareholder meeting will commence at 10:00 AM PT, and will be available via a webcast. Shareholders will be able to watch the meeting live and then vote, the company said in a filing with the Securities and Exchange Commission. A few days ago, the microblogging site filed a lawsuit against Musk after he decided to back out of the USD 44 billion takeover deal.

Twitter (TWTR) filed a motion to expedite the proceedings and requested a four-day trial in September. Musk’s legal team opposed the motion. “Twitter…