Twitter board unanimously recommends Musk's takeover bid
In addition to shareholder approval, Musk said that debt financing for the deal would need to come together. The billionaire has pledged $33.5 billion in equity financing and has received commitments from Morgan Stanley Senior Funding Inc. and other financial institutions for up to $13 billion in debt financing.
He also said that he is waiting for a resolution to his dispute with Twitter over the total percentage of spam and fake accounts on the platform, which he called "a very significant matter." Though Twitter has maintained that spam and fake accounts make up less than 5% of its users, Musk believes the figure is at least 20%. He claimed that the company breached its obligations under the merger agreement by 'actively resisting and thwarting' his right to information on the spam and fake account data.
Source
@Twitter_Instagram_Tiktok
