Musk-Twitter Deal Expected to Close, but Prepared for All Scenarios, Says CEO Parag Agrawal


Twitter CEO Parag Agrawal on Saturday stated that the maintain Elon Musk is anticipated to be closed, alternatively, the deal does now not turn out to be an excuse to keep away from making essential choices for the well being of the corporate, including that Twitter must be ready for all situations and at all times do what is proper for it.

This is a vital replace as Elon Musk previous declared that the $44 billion (more or less Rs. 3,40,800 crore) takeover bid of the micro-blogging website is on dangle.

Agrawal stated that even though some were asking why a “lame-duck” CEO would make those adjustments if Twitter is getting bought anyway. In a reaction to those feedback, the CEO stated that whilst he expects the deal to near, Twitter must be ready for all situations and at all times do what is proper for it.

“We introduced adjustments to our management staff and operations the day before today. Changes impacting individuals are at all times exhausting,” the CEO tweeted including, “I would possibly not use the deal as an excuse to keep away from making essential choices for the well being of the corporate, nor will any chief at Twitter.”

He stated that he’s in command of main and working Twitter. The CEO additionally famous that it’s their activity to construct a more potent Twitter each day.

Agrawal persevered by means of announcing that irrespective of the corporate’s long term possession, Twitter will likely be stepped forward as a product and trade for purchasers, companions, shareholders, and the entire customers.

“No one at Twitter is operating simply to stay the lighting on. We show pride in our paintings,” the CEO wrote in a tweet. He stated that he’s nonetheless serious about doing his activity, and that comes with making exhausting choices as wanted.

“I will be able to proceed to include the deep complexities of our provider and our trade. And you’ll be able to be expecting extra trade for the simpler,” the CEO added.

“I will be able to additionally attempt to convey extra transparency to the paintings that we do. You would possibly not see tweets from me at the ‘matter of the day’ or the loudest sound chunk, however reasonably at the ongoing, steady, and difficult paintings our groups are doing to toughen the general public dialog on Twitter,” he persevered.

He additionally expressed gratitude to the entire Twitter staff. “They have stood sturdy and targeted, sharp and agile. They’ve been doing the paintings, as they at all times have,” he wrote whilst praising the staff at Twitter.

Twitter just lately agreed to an acquisition by means of Tesla CEO Elon Musk in a deal value $44 billion, even if it’s nonetheless topic to shareholder approval. However, Elon Musk declared that the $44 billion takeover bid of the micro-blogging website is on dangle.

Twitter stocks tumbled round 20 p.c within the pre-market buying and selling on Friday after Musk’s announcement over dangle at the Twitter deal.

Musk stated previous this week that Twitter’s resolution to prohibit former US President Donald Trump used to be a mistake and he would reverse it if his acquisition of the social media corporate is a success.




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