Since Elon Musk introduced his bid to amass Twitter for an estimated $44 billion again in April, there have been rumblings about disgruntled staff and fearful shareholders, with some traders even suing the billionaire for not disclosing his shares within the firm after they allege he ought to have.
Though Musk reportedly met with prime Twitter brass for a number of days to clarify his imaginative and prescient for the social media firm earlier than making a proper bid, the Tesla CEO has but to handle Twitter’s workers as an entire — till now.
Per sources citing an inside e-mail despatched out by Twitter CEO Parag Agrawal, Musk will likely be addressing staff in a company-wide assembly set to happen at Twitter HQ this Thursday.
A Twitter spokesperson confirmed the information to CNBC, although Entrepreneur has reached out to Twitter for added affirmation.
The corporate’s all-hands assembly will likely be moderated, with staff having the chance to submit questions to Musk starting this Wednesday.
The information of Musk’s attendance comes only one week after Twitter executives instructed staff that the corporate is anticipating a shareholder vote on Musk’s proposed acquisition by early August.
Musk has threatened to stroll away from the deal a number of occasions, citing the corporate’s incapacity to supply him with thorough knowledge on what share of Twitter’s whole person base consists of spam accounts and bots.
On the finish of final month, Twitter held its annual shareholder assembly the place Agrawal vaguely referenced Musk’s potential acquisition firstly of the assembly.
“We’re working by way of the transaction course of,” the Twitter CEO mentioned. “For regulatory and different causes, we can not talk about the transaction at present. At the same time as we work towards closing this transaction, our groups and I stay targeted on the necessary work we do every single day to serve the general public dialog.”
Although Musk is almost all shareholder of the corporate holding roughly 10% of Twitter’s whole shares, he was not in attendance at that assembly.
Twitter was down 38% 12 months over 12 months as of late Tuesday afternoon.