Leading social media platform Twitter announced on Tuesday that the company will hold a meeting with the shareholders on September 13 for voting on the takeover bid by Tesla CEO Elon Musk.
The plan of the company was somehow on hold due to the legal dispute between the company and Musk who terminated the offer.
During the meeting, the shareholders will vote on a proposal to approve the offer of Musk to have the company.
It is worthy to mention that Twitter recorded a $270 million loss on Friday after its revenues fell by 1% in the second quarter of 2022 to reach $1.8 billion.
The loss of the platform came despite the rise in users by 16.6% as the performance of the platform was somehow impacted by the long negotiations between the company and Tesla CEO Elon Musk.
Early this week, Twitter gained an early victory in its legal battle with SpaceX and Tesla CEO Elon Musk as a Delaware judge scheduled the trial in October.
Musk previously asked the court to delay the trial to begin in February 2023, unlike the leading social media platform which asked for a near trial.