Durban is an ally of Elon Musk, who has offered to take Twitter private in a $44 billion deal
Twitter said Durban failed to receive the support of a majority of the votes in the re-election held earlier this week due to “voting policies of certain institutional investors regarding board service limitations.”
The social media company added that Durban was an “effective member” of the board and brings “an unparalleled operational knowledge of the industry.” Silver Lake Partners, where Durban is co-CEO, helped put together Musk’s $44 billion acquisition of Twitter. In 2018, Silver Lake offered to help finance Musk’s contemplated $72 billion bid to take electric-car maker Tesla Inc private.
Separately, the U.S. Securities and Exchange Commission said on Friday it was looking into Musk’s disclosure of his Twitter stake in April.
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