Twitter shareholders last night voted to approve a deal with Elon Musk to buy the US-based social media platform for £38billion.
The decision was made in a short conference call with investors from the company's San Francisco headquarters.
The BBC says it means Twitter will now try to force Mr Musk to buy the firm in the courts.
If he loses that battle, it could leave him billions of dollars out of pocket due to the company's plunging share price.
The shareholder meeting followed explosive testimony from Twitter's former head of security Peiter Zatko in front of the US Senate.
In April, Twitter agreed to sell the company to Mr Musk - the world's richest person.
However, the deal soured after he alleged he was misled by Twitter about the number of spam and bot accounts on the platform.
He said he no longer wished to purchase the company in May, but Twitter argues that Mr Musk cannot back out of the deal.
The firm says that fewer than 5% of its monetisable daily active users (those who are able to look at adverts) are bots.
Mr Musk argues it could be many times higher.
Twitter is currently valued at £28billion - massively below the £38billion offer originally made by Mr Musk.
Yesterday's vote could have spelled the end of Twitter's legal pursuit, but shareholders have now given the company the green light to pursue Mr Musk in court.
The two are set to meet in front of a Delaware state court in October. During the hearing a judge will decide whether or not Mr Musk has to buy the company.
Just before last night’s shareholder decision, Twitter whistle-blower Pieter Zatko was in Washington testifying before the Senate Judiciary Committee about alleged security flaws. He told US lawmakers the firm was misleading the public about how secure the platform is.
The firm's former head of security alleged that Twitter was "a decade behind" security standards.
Twitter says Mr Zatko was fired from his job, and that the claims are inaccurate.
FTSE 100
The UK’s top share index, the FTSE 100, was dropped 40 points to 7,345 shortly after opening this morning, following yesterday’s 87-point loss.
Brent crude futures were down 0.29% at $92.29 a barrel.
Companies reporting today
- Full-year results: Dunelm Group, Redrow
- Half-year results: Tullow Oil