Tue Jun 21, 2022 – 4:37 pm EDT
SAN FRANCISCO, California (LifeSiteNews) — Twitter’s board of directors has unanimously advised its stockholders to approve free-speech proponent Elon Musk’s offer to purchase the social media platform for $44 billion, according to a Tuesday Securities and Exchange Commission (SEC) filing.
The big tech company said in the SEC filing that “after considering various factors,” the Twitter Board “has 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.”
Twitter’s shareholders will still need to vote on the deal, Newsmax noted.
The New York Post reported that the board’s decision puts Musk “one step closer to completing his $44 billion takeover of” Twitter, which has faced serious pushback from free speech advocates over the years for cracking down on disfavored political speech on topics including the COVID-19 debate, election integrity, and transgenderism.
Twitter Unanimously Approves Elon Musk’s $44 Billion Purchase Bid https://t.co/C4Qcyh3Jft
— Daily Caller (@DailyCaller) June 21, 2022
RELATED: House GOP launch new investigation of
The remainder of this article is available in its entirety at LifeSite News
The views expressed in this news alert by the author do not directly represent that of The Official Street Preachers or its editors