Employees have been told not to comment on the deal after Musk said he wanted out of the deal. A memo from the general counsel of the company says that staffers shouldn't share any commentary about the merger agreement.
The note states that the merger is a legal matter. According to Musk's team, the company failed or refused to provide information about the number of bots on its platform, and the board has announced that it's suing Musk to make sure the deal goes through.
After Friday's news that Musk wanted out of the deal, employees of the micro-blogging site made some very funny jokes. The fact that it is very unclear whether Musk can legally just say "nah" and walk away is one of the reasons why they canceled their mortgage. After the Musk deal was announced, a staff trip to Disney was canceled as a cost cutting measure.
The memo was sent to staff on Friday by Sean Edgett.
Team,
Today we received a notice of purported termination from Elon Musk, and the Twitter Board issued the following statement in response (see our Chairman Bret Taylor’s Tweet here):
“The Twitter Board is committed to closing the transaction on the price and terms agreed upon with Mr. Musk and plans to pursue legal action to enforce the merger agreement. We are confident we will prevail in the Delaware Court of Chancery.”
Given that this is an ongoing legal matter, you should refrain from Tweeting, Slacking, or sharing any commentary about the merger agreement. We will continue to share information when we are able, but please know we are going to be very limited on what we can share in the meantime.
I know this is an uncertain time, and we appreciate your patience and ongoing commitment to the important work we have underway.