The Board of Directors of Twitter recommended that shareholders approve the sale of the company to Elon Musk for $44 billion. In May, shareholders sued Musk

Twitter's board of directors unanimously recommended that the company's shareholders approve its purchase by Elon Musk for $44 billion, ABC News reports , citing a statement filed with the US Securities and Exchange Commission (SEC) on Tuesday.

The statement said the board of directors recommends a vote to pass the merger agreement. The company's investors will receive a profit of $15.22 per share they own.

Earlier, Twitter shareholders filed a class action lawsuit in Northern California court against Elon Musk and the company, as the businessman, in their opinion, violated the law. Musk deliberately hid his plans for the deal and then made allegations of fake social media accounts to lower the price by at least $11 billion.

In May, Elon Musk said he would not close the deal to buy Twitter until the platform's CEO provided a report that the number of fake accounts on the social network did not exceed 5%. Musk claims that there are up to 20% of bot accounts on Twitter. The dispute between Musk and Twitter CEO Parag Agrawal on this topic led to a drop in the company's quotes by more than 8%, wrote The Wall Street Journal.

Before that, it was reported that Musk was ready to buy Twitter for $44 billion. On May 14, he hinted that Twitter was too expensive, “not ruling out” a deal at a lower price. He also questioned whether Twitter's financials accurately reflected the company's fortunes. On May 17, The New York Post announced SpaceX's intention to sell some of its shares. Presumably, we are talking about the share owned by the Musk. As of August 2021, he owned a 44% stake in SpaceX.

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