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Twitter schedules shareholder vote for embattled Elon Musk deal

The company is moving forward with the deal despite an ongoing lawsuit

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July 26, 2022 at 5:55 p.m. EDT
Twitter scheduled a vote for shareholders on its embattled deal to be taken over by Elon Musk. (Josh Edelson/AFP/Getty Images)
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SAN FRANCISCO — Twitter is charging forward on its acquisition deal with billionaire Elon Musk, despite the world’s richest man wanting to pull the plug.

The social media company announced Tuesday it would hold a shareholder vote on the deal on Sept. 13. In a filing with the Securities and Exchange Commission, the company recommended its shareholders vote to approve the deal.