Twitter CEO Parag Agrawal is trying to assuage employee fears in the wake of Elon Musk launching a hostile $43 billion takeover attempt of the social media company.
At an all-staff meeting on Thursday, Agrawal said Twitter's board is considering Musk's offer and will act in the best interest of company shareholders, according to two employees in attendance.
But this Twitter worker added:"It does feel like there isn't much we can do as employees," this person said.a filing to the Securities and Exchange Commission stating the acquisition depended on the"completion of anticipated financing." "I'm not sure that I will actually be able to acquire it," Musk said at the TED2022 conference in Vancouver, British Columbia, which was his first appearance since making his Twitter purchase public.
But Musk's approach may open the door to other interested buyers who have their own designs on Twitter, said Scott Kessler, an analyst at research firm Third Bridge. "It would be hard for any other bidders/consortium to emerge and the Twitter board will be forced likely to accept this bid and/or run an active process to sell Twitter," Ives said.
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