Twitter said on Tuesday that it was committed to completing the deal to sell billionaire Elon Musk “at the agreed price and terms” as soon as possible.
The statement came hours after Tesla CEO Musk said the transaction could not go ahead until the social media company provided more details about fake accounts.
In a statement, Twitter also said it had submitted to the Securities and Exchange Commission (SEC) a preliminary proxy statement on the agreement, providing for Musk to buy the social networking platform for US$54.20 per share.
According to Twitter, the document delivered to the SEC contains important information, including the background and reasons for the deal with Musk.
Twitter also said the deal is subject to shareholder approval and other conditions. The company expects the transaction to close this year.
Last week, Musk had already said that the acquisition of Twitter was “temporarily on hold” over concerns about the percentage of fake accounts on the social network.
At 7:54 am (GMT), Twitter’s share was down 2.6% in premarket businesses in New York.
Source: CNN Brasil
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