Twitter CEO reportedly 'prepared to go to battle' to make Musk acquisition occur

Twitter's CEO is pushing for Elon Musk to uphold his provide to purchase the corporate regardless of current claims that he might pull out of the deal.

Twitter CEO Parag Agrawal has grown aggravated with Musk's foot-dragging, in response to the Monetary Instances. Musk has publicly expressed his considerations concerning the firm's spam bot estimates and seems to be contemplating pulling out after his workforce was unable to verify Twitter's 5% estimates.

ELON MUSK CONSIDERS PULLING OUT OF TWITTER DEAL OVER SPAM BOT NUMBERS

"Parag needs to swing again extra and is being extra aggressive internally," one former Twitter government mentioned. "It appears Twitter is prepared to go to battle to make this deal occur."

Agrawal and Musk have been participating in weekly interactions that seem like relaxed, in response to folks conversant in the state of affairs. Nevertheless, he has come out preventing in entrance of staffers, in response to Twitter workers. He has publicly acknowledged that he intends to go ahead with the initially agreed-upon worth of $54.20 a share.

Whereas some analysts have suspected that Musk's claims that Twitter comprises 20% or extra spam bots have been an try to vary the value, Musk has not carried out so amid the negotiations. The billionaire has circuitously introduced up renegotiating the unique deal in discussions with Agrawal, in response to one individual conversant in the state of affairs. Musk confirmed this reality to the Instances by way of e-mail.

"Parag is in an not possible state of affairs," Brian Wieser, world president of enterprise intelligence at GroupM, informed the Instances. "We nonetheless do not know the way severe Elon is many months later, however the firm has dedicated to the sale."

Twitter gave Musk a "firehose" of knowledge on June 8 to carry out his evaluation of the corporate's spam bot counts. Whereas the workforce has had entry to this information for practically a month, it now claims to be unable to verify the social platform's claims and has stopped participating in discussions with traders, in response to the Washington Submit. Musk and his workforce are anticipated to take drastic motion quickly, though it's unclear what that could possibly be.

If Musk determined to drag out of the deal, he would face a big authorized battle and doubtlessly a $1 billion price.

Twitter has been constant in pushing for the success of Musk's provide. The board of administrators beneficial on June 21 that shareholders vote in favor of the deal sooner or later. Musk additionally appeared at an all-hands assembly on June 16 earlier than Twitter's workers, the place he answered a number of questions on his plans for the corporate.