Musk’s deal ‘not on hold’, top Twitter execs tell staff

NEW YORK: Twitter 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. 2 per share.
Vijaya Gadde, Twitter’s top lawyer and head of policy, also told workers at an allhands 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 platform. Twitter stock jumped about 2% on the news of the meeting.
Other executives, including CEO Parag Agrawal, also addressed staffers, said thepeople. They addressed questions about the deal, including whether Twitter would try and legally force Musk to buy the firm based on his agreement. Gadde assured staffers that Musk must “do everything he can” to make sure he gets his financing in order, and that it’s possible Twitter could try and “enforce” the terms of the deal “if we ever needed to do that in a court”.