Twitter Board Recommends to Sell Company to Musk

Twitter’s board of directors has recommended that shareholders approve the sale of the company to Tesla CEO, Elon Musk.

The Twitter board said in a report to the U.S. Securities and Exchange Commission (SEC) that the sale to Musk was “desirable and in the best interest of Twitter and its shareholders,” the Associated Press reported on the 21st (local time). Twitter previously signed a $44 billion (about 56.9 trillion won) sale agreement with him in April.

Twitter requested shareholder approval in a unanimous opinion from its board of directors, but the deal is currently being delayed because of Musk. Musk’s recent takeover was temporarily put on hold over Twitter’s fake account status.

Tesla CEO also pointed out at the Qatar Economic Forum held on the same day that there are still some important unresolved issues with the Twitter takeover, including fake accounts.

Elon Musk said, ” There are unresolved issues with Twitter ‘s debt and the number of spam users with the Twitter acquisition,” he said. “I will,“.