Twitter Board of Directors Unanimously Recommends Sale to Elon Musk

In a filing with the Securities and Exchange Commission now available to the public, Twitter’s board of directors have unanimously endorsed the sale of Twitter shares to Telsa CEO and free speech advocate Elon Musk.


The filing, available on the SEC’s site, makes it clear that Twitter’s Board of Directors believes that the sale is in the best interest of Twitter’s shareholders.

Twitter’s Board of Directors, after considering the factors more fully described in the enclosed proxy statement, unanimously: (1) determined that the merger agreement is advisable and the merger and the other transactions contemplated by the merger agreement are fair to, advisable and in the best interests of Twitter and its stockholders; and (2) adopted and approved the merger agreement, the merger and the other transactions contemplated by the merger agreement.

Twitter’s Board of Directors unanimously recommends that you vote:

(1) “FOR” the adoption of the merger agreement;

(2) “FOR” the compensation that will or may become payable by Twitter to its named executive officers in connection with the merger; and

(3)“FOR” the adjournment of the special meeting, from time to time, to a later date or dates, if necessary or appropriate, to solicit additional proxies if there are insufficient votes to adopt the merger agreement at the time of the special meeting.


The next step is for the shareholders to officially vote on the sale, which would be the final step in Elon Musk’s acquisition of the social media giant.

The filing comes a week after Musk met virtually with Twitter employees and months after he announced his intention to buy Twitter and take it private in the hopes of re-establishing Twitter as a platform for free speech.

Activists and politicians on the Left have been extremely wary of Musk’s buyout, going so far as to portray him as mentally unstable and a white supremacist. Despite some pushback seen in leaked communications from staff, however, the board of directors understands that, for investors, this is probably the best deal they’ll ever get.

If shareholders vote to approve the sale, it would make Musk the chief of one of the biggest social media platforms online.


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