The drama surrounding his offer — almost all of it created by Musk himself — might spill over into today's proceedings.
FILE - Tesla and SpaceX Chief Executive Officer Elon Musk speaks at the SATELLITE Conference and Exhibition in Washington, Monday, March 9, 2020. Twitter's regularly scheduled shareholder meeting Wednesday, May 25, 2022, won't include a vote on Musks $44 billion bid for the social platform. That vote will take place at a yet-undetermined date in the future.
CEO Parag Agrawal said at the outset that executives won't be answering any questions surrounding the proposal. Even a question from a stockholder asking what will happen to his shares if someone buys Twitter and takes it private was shot down. . Musk had promised that taking over Twitter would enable him to rid the social media platform of its annoying “spam bots.” But— without presenting any evidence — that there might be just too many of those automated accounts for the deal to move ahead.
Experts say Musk can’t unilaterally place the deal on hold, although that hasn’t stopped him from acting as though he can. If he walks away, he could be on the hook for a $1 billion breakup fee. Alternatively, Twitter could sue Musk to force him to proceed with the deal, although experts think that's highly unlikely.
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