You are currently viewing Twitter Investors Vote Against Reelecting Elon Musk Ally to Board

Twitter Investors Vote Against Reelecting Elon Musk Ally to Board

This post was originally published on this site

Share This Page

Twitter Inc. investors blocked the reelection of an ally of Elon Musk to the board at an annual meeting on Wednesday that avoided the biggest question for the social media company: will it complete a $44 billion sale to the billionaire.

Investors voted against Egon Durban, the co-head of private equity firm Silver Lake, who partnered with Tesla CEO Musk on his abandoned bid to take the electric carmaker private.

The rebuke of Durban, who joined the board in 2020, comes as uncertainty looms over the deal.

Musk said in a tweet on May 13 that the was “temporarily on hold” while he sought more information about the proportion of fake accounts on Twitter.

The company last week said it remained committed to the deal at the agreed price and on Wednesday said it would not answer questions about the deal at the virtual meeting.

Twitter’s board initially voted

Subscribe By Email To Whichever Category You Wish


Or Browse Online By Following The Links Below...

..... (Read more by following the post link below)

Also See...