Twitter Deal With Elon Musk Moving Foward as Planned, Won't Renegotiate Price, Bloomberg Reports
May 19 2022 - 01:25PM
Dow Jones News
By Denny Jacob
--Twitter Inc executives told employees its deal with Elon Musk
is moving forward as planned and it won't renegotiate the
agreed-upon price of $54.20 a share, Bloomberg reported.
--Vijaya Gadde, Twitter's top lawyer and head of policy, told
employees at an all-hands meeting that there is "no such thing as a
deal being on hold," the report said, citing people who attended
the meeting.
--Finance Chief Ned Segal told employees that company executives
are still engaging with Mr. Musk and his team, and working with
them "regularly" throughout the process, Bloomberg reported.
--Elon Musk recently said his planned acquisition of Twitter was
temporarily on hold because of concerns about fake accounts.
Full story at
https://www.bloomberg.com/news/articles/2022-05-19/twitter-deal-is-proceeding-not-on-hold-executives-tell-staff?utm_source=google&utm_medium=bd&cmpId=google&sref=b0us4KbN
Write to Denny Jacob at denny.jacob@wsj.com
(END) Dow Jones Newswires
May 19, 2022 14:10 ET (18:10 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
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