New Delhi: Amidst the high-voltage drama that has erupted ever since Elon Musk tried to officially pull out of his $44 billion deal to buy Twitter, the microblogging site’s general counsel has asked employees to publicly discuss the deal. Asked not to comment. In an internal memo to Twitter employees sent Friday and obtained by The Verge, the company’s general counsel, Sean Edgett, urged employees to “refrain from tweeting, Slacking or sharing any comments about the merger.” asked for, and that management would be “very limited on what we can share”.
“I know this is an uncertain time, and we appreciate your patience and commitment to the important work we are doing,” Edgett wrote. (Also Read: Bank Holiday On July 9? Banks To Be Closed For 12 Days: Check List Here)
According to the website, the notice has cited the fact that the merger is a legal matter. (Also read: Man sold fake Cisco equipment worth $1 billion, ran 19 firms to list online)
“The Twitter Board is committed to closing the transaction on the price and terms agreed with Musk and plans to take legal action to enforce the merger agreement,” Adjet said. will prevail.”
In a surprise move, Musk’s legal team said in a US Securities and Exchange (SEC) filing that he was terminating the deal because Twitter was in “material breach” of their agreement and made “false and misleading” statements during the negotiations. Were.
Meanwhile, Twitter said in response that it was going to sue Musk over the termination of the $44 billion acquisition deal.
In the following tweet, Twitter President Brett Taylor said that “the board is committed to closing the transaction on the price and terms agreed with Musk and plans to take legal action to enforce the merger agreement”.
“We are confident that we will win the Delaware Court of Chancery,” he said.
Musk had blocked the deal on the actual number of spammy/fake accounts and bots on the platform and sought a response from Twitter CEO Parag Agarwal. On Thursday, Twitter claimed it was suspending more than 1 million spam accounts a day.