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As a trial approaches, Musk's $44 billion purchase of Twitter is authorised.

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Shareholders of Twitter approved Elon Musk's proposed $44 billion acquisition, setting up a trial for next month to determine the deal's destiny.

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The majority of Twitter's shareholders decided to accept Musk's offer of $54.20 per share to buy the social media company.

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Musk wants to revoke the suggestion he made in April. The board of Twitter and two consulting firms advised investors to support the acquisition.

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The shareholder meeting lasted 7 minutes, during which time there was a 3 minute voting period.

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Weeks before the meeting, Twitter asked investors to cast their votes early.

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Investor clearance is required for the transaction, although its conclusion is questionable. In July, Musk announced he was cancelling the agreement, claiming Twitter had misled him about its user base, bots, and spam accounts.

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The transaction was reportedly approved by 98.6% of the company. Two people with knowledge of Musk's choice claim he abstained. When he agreed to purchase Twitter, Musk owned over 10% of the company.