Twitter Inc (TWTR.N) shareholders vetoed the re-election of an ally of Elon Musk to the board of directors at an annual meeting on Wednesday, avoiding the most important topic for the social media company: whether it would finalize a $44 billion sale to the billionaire.
Twitter shareholders reject board members who partnered with Tesla (TSLA.O)‘s CEO, Elon Musk on his bid to take the electric carmaker private.
The vote could indicate skepticism among shareholders of Musk’s plan or his willingness to pay what he offered.
But investors are expected to overwhelmingly approve the deal at another meeting yet to be scheduled. Some shareholders appealed directly to Musk in their presentations.