Twitter CEO tells employees board still evaluating Elon Musk takeover – The Verge

Twitter CEO Parag Agrawal told employees Thursday that the company was still evaluating a $43 billion offer by Elon Musk to buy the company and take it private, setting the stage for a potentially drawn-out feud with the world’s richest person. After clips of the songs “I Say A Little Prayer” and “I Want It That Way” by the Backstreet Boys played, Agrawal launched into a 25-minute Q&A session with employees Thursday, according to a person in attendance. He didn’t say when the board would have an answer to Musk’s offer or which way it was leaning, frustrating some who expected a more detailed explanation. The board would follow a “rigorous process” and make a decision “in the best interest of our shareholders,” he said. Agrawal, who took over as CEO of Twitter last November for Jack Dorsey, fielded concerns from employees about the future of the social network if Musk were to take it over. At least one employee asked about the possibility of future layoffs, which Agrawal said wouldn’t be dictated by individual performance ratings. In response to another question about what would happen to employee stock options if Twitter was taken private, he said it was too…
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