Twitter whistleblower testifies: Stakeholders approve Elon Musk's bid

Twitter whistleblower testifies: Stakeholders approve Elon Musk's bid

Twitter shareholders have approved Elon Musk’s $44 billion bid to buy the company.

The vote came amid Musk's efforts to scrap the deal over allegations of breach of the agreement.

The social media company had urged investors to green-light the $44 billion acquisition, which values the company at $54.20 per share.

After buying a major chunk of Twitter stock, Musk announced that he was calling off his buying bid in July.

He alleged that Twitter misrepresented the number of phony accounts on its platform.

Twitter sued Musk to coax him to purchase the company, the trial of which begins in Delaware Chancery Court on October 17.

Whistleblower and Twitter's ex-security chief Peter Zatko alleged that his former employer lied to Musk about the bot accounts.

In a damning testimony to the US Senate, Zatko said the platform was breached by foreign intelligence agencies multiple times.