Twitter shareholders endorsed Elon Musk’s takeover of the company’s platform, billed at $44 billion, at a value of $54.20 per share.

The company’s stock opened at just under $41 per share, nearly 25% below the deal price.

The vote came days after Musk’s third letter to Twitter seeking to terminate their deal, with this one pegged to a purported $7.75 million severance payment the company made to its former head of security, Peiter Zatko, who later blew the whistle about its alleged security and privacy vulnerabilities.

Musk’s lawyers claimed the payment violated a provision of the acquisition contract.

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Readers Bureau, Contributor

Edited by Jesus Chan

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