Twitter has scheduled a special shareholder meeting for September 13 to vote on its sale to Elon Musk.
It’s the month before a trial in Delaware Chancery Court in October, where the social networking platform aims to force the billionaire Tesla entrepreneur to honor his $44 billion purchase deal.
The meeting is scheduled for 10 a.m. PT, and investors can vote to approve the merger online. On April 25, the two parties reached the tortuous all-cash agreement. Musk secured funding, but then appeared to stall, requesting details on bot, or spam, accounts.
His attorneys notified Twitter in July that he was formally canceling the arrangement.
Twitter filed a lawsuit in Chancery Court, requesting a trial date in September. The Musk camp requested that the case be postponed until February. She sided with Twitter at a hearing last week, agreeing with the corporation that delay and ambiguity will continue to harm its business.
