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Twitter Reassures Staff on Musk Deal, Sees Vote by August (2)

June 8, 2022, 7:19 PM

Twitter Inc.’s top lawyer reassured staff Wednesday that the deal to sell the company to billionaire Elon Musk is still progressing, and that a shareholder vote will occur in late July or early August, according to people familiar with the matter.

The company is just waiting for the Securities and Exchange Commission to approve its proxy, after which it will be sent to shareholders, Vijaya Gadde, Twitter’s head of legal and policy, said at an employee meeting, the people said.

Musk in recent weeks has been publicly skeptical of Twitter’s user numbers, and the amount that are automated ...