The board of directors of Twitter on Tuesday “unanimously” recommended to its shareholders the offer to buy back the social network proposed by Elon Musk.
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The $44 billion transaction is expected to close this year. It corresponds to a price of $54.20 for a Twitter share.
Mr. Musk, however, said on Tuesday that there were “some unresolved issues” in his proposed takeover, including the “very important” issue of the number of fake users on the social network.
“There are still some unresolved issues,” he said during the Qatar Economic Forum in Doha, where he appeared by videoconference, but did not wish to expand too much on the subject.
According to him, the social network estimates the number of fake accounts at less than 5% of daily active users, which the entrepreneur questions.
Twitter’s debt and shareholder vote in favor are also among the issues to be resolved, he added.
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