Twitter shareholders approve Musk’s $44 billion takeover bid

Twitter shareholders on Tuesday voted to approve Tesla CEO Elon Musk’s $44 billion takeover bid.

The vote came as Musk’s lead team is in a court battle to get out of the deal.

Twitter confirmed that a preliminary count shows it has enough votes to approve the deal, reports The Verge.

Twitter has sued Musk for allegedly breaching the deal agreement.

The vote lets Twitter continue with a lawsuit intended to make Musk close the acquisition.

The legal battle is expected to start in mid-October.

The approval means that Musk and Twitter will proceed to an October trial in the Delaware Court of Chancery.