Twitter Reportedly Tells Employees Musk Deal Not ‘On Hold’

The $44 billion acquisition offer from billionaire Musk was moving forward and there was no such thing as a deal being done.

The deal will go ahead as planned and the company will not change Musk's price, according to sources familiar with the meeting.

Segal told workers that the company is engaging with Musk and his team.

The report comes days after Musk claimed that he could not move forward with the offer because he claimed that less than 5% of accounts were verified.

After Musk suggested he might try to negotiate a lower price for the company, the shares fell again.

Segal told employees that the discrepancy between the stock price of the company and Musk's offer was a sign that the deal would not be completed.

It was possible the company would seek to enforce the terms of the deal in a court, according to Musk.

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Last month, the board of directors of Twitter approved a $44 billion takeover offer from Musk. The deal was paused pending more details on the company's calculation that less than 5% of its users are fake. He was still committed to the acquisition two hours later. At least 20% of accounts on the platform could be fake, according to Musk. He claimed that Agrawal refused to give details on the calculation, possibly referring to a thread on the topic on the social networking site. The deal with Musk was agreed to at a previously agreed-upon price and terms.

Big Number

More than half a million. That's how many accounts are suspended on a daily basis, according to Agrawal, who claimed that many of the suspensions occur before users even see the accounts.

Tangent

Several high-ranking executives have left the company in recent weeks, amid a period of limbo for the company. The head of consumer division and general manager for revenue was dismissed last week, while the vice president of product management and the head of data science left this week. The company is planning to freeze most hiring and cut other costs, according to a report.

Executives tell staff that the deal is not on hold.

The deal cannot move forward until the CEO proves that there are fake account numbers.

The two leaders are being sold to Musk.