Twitter Spent $33 Million on Elon Musk Deal in Q2, Sets Date for Shareholder Vote on Transaction

UPDATED: , which is fighting to extract billions from Elon Musk after he said he wanted to walk away from his $44 billion deal to buy the social network, recorded costs of $33.1 million for the second quarter related to the now-in-limbo merger. The company also set Sept. 13 as the date for a special meeting of stockholders to vote on Musk’s proposed bid. However, with the deal now locked up in litigation, the vote is only a formality — unless shareholders unexpectedly vote it down. Twitter revealed the expenses in its 10-Q filing Tuesday with the SEC. Other than… Read Full Article