Twitter is moving forward to attempt to force Elon Musk to uphold his agreement to buy the social media company, as its shareholders vote to approve the buyout.
The billionaire made an offer last April to purchase Twitter for $44bn (£35bn). However, he later backed down from the deal, stating that the acquisition could not go forward until the company provided information about how many accounts on the platform are spam or bots.
The vote, made in a short conference call with investors from the company's San Francisco headquarters, could have spelt the end of Twitter's legal pursuit. However, the shareholders' decision has given the company the green light to try to force Musk to buy the company in the courts, a process that began on 12 July, when Twitter sued Musk in Delaware.
The trial is scheduled to take place next month.
“Twitter stands ready and willing to complete the merger with affiliates of Mr. Musk immediately, and in any event...