Deals
Elon Musk’s Twitter Deal Is Proceeding, Not ‘On Hold,’ Executives Tell Staff
- “No such thing” as putting deal on hold, says Twitter’s Gadde
- Twitter has no plans to renegotiate deal price with Musk
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Twitter Inc. executives told employees on Thursday that the $44 billion deal to sell the company to billionaire Elon Musk is moving forward as planned, and that they won’t renegotiate the agreed-upon price of $54.20 per share.
Vijaya Gadde, Twitter’s top lawyer and head of policy, also told workers at an all-hands meeting that there is “no such thing as a deal being on hold,” according to people who attended the meeting. She was pushing back on claims from Musk over the past week that he is pausing the deal while he learns more about the number of bots and spam accounts on the social-media service.