Twitter Deal Is Going Ahead, Executives Say

............................................................

"Elon Musk’s Twitter Deal Is Proceeding, Not ‘On Hold,’ Executives Tell Staff"

..............................................

"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,”."

"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."

"Twitter stock jumped about 2% on the news of the meeting, which was first reported by Bloomberg. Earlier the shares had declined by as much as 1.7%."

"Musk earlier this week suggested he would be interested in renegotiating his deal for Twitter."

........................................

"The company’s stock is currently trading at $37.45 per share, well below the offer price."

..........................................

"For more please visit our website. Click on the link given below."

..............................................

Arrow