Twitter Board Unanimously Approves Elon Musk's $44 Billion Takeover Bid

Twitter’s board of directors has unanimously approved SpaceX and Tesla CEO Elon Musk’s bid to take over the company for $44 billion, recommending that shareholders approve the deal.

In a document filed with the Securities and Exchange Commission (SEC), Twitter’s board of directors said that they believe Musk’s bid is in the best interests of shareholders, who would be entitled to $54.20 per share once the takeover is complete.

Musk, however, says he is “still awaiting resolution” on the topic of bot accounts, having previously accused Twitter of concealing the true number of bots using the platform.