Twitter Inc. executives told employees on Thursday that the $44 billion sales of the company to billionaire Elon Musk were on track and that they would not agree to every Share being renegotiated at the agreed price of $54.20.
Twitter’s lead lawyer and policy director, Vijaya Gadde, also told employees at an all-hands meeting that there was no “thing like a deal being put on hold,” according to people who attended the meeting.
She countered Musk’s assertions over the past week that he had suspended trading in order to learn more about the number of bots and spam accounts on Twitter.
Additionally, other Twitter executives, including Twitter CEO Parag Agrawal and CFO Ned Segal, spoke to employees. The company-wide video conference was designed to allow company leadership to discuss the deal and provide more details. The move comes after Twitter this week filed a proxy statement with the Securities and Exchange Commission outlining the history and terms of the deal.
Musk said earlier this week that he was interested in renegotiating the Twitter deal. Twitter is currently trading at $37.45 a share, well below the takeover offer.