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Twitter Board Recommends Shareholders Vote to Approve Musk Deal

May 17, 2022, 2:04 PM

Twitter Inc.’s board unanimously recommended that shareholders approve Elon Musk’s bid to take the social media company private in a $44 billion deal, eight days before they are scheduled to vote and as the billionaire entrepreneur seems to be seeking to back out or renegotiate his offer.

On Monday, Musk has floated the idea of trying to lower his initial offer of $54.20 a share, saying a deal at a lower price wouldn’t be “out of the question.” The billionaire entrepreneur is raising doubts about Twitter’s publicly disclosed data on the percentage of spam and ...