Twitter CEO tells employees the board is still evaluating an Elon Musk takeover
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...