Twitter CEO and board member Parag Agrawal has insisted that he still expects Elon Musk’s $44 billion acquisition of the company to close, after the billionaire threw the deal into doubt by tweeting that it was ‘temporarily on hold’.
In a lengthy Twitter thread on Friday, Agrawal wrote: ‘While I expect the deal to close, we need to be prepared for all scenarios and always do what’s right for Twitter.’
Agrawal also addressed his move on Thursday to fire two top Twitter execs, saying that he is ‘accountable for leading and operating Twitter, and our job is to build a stronger Twitter every day.’
It came hours after Musk in a surprise move sent sent Twitter stock plunging by casting doubt on his takeover, as analysts speculated that he was trying to negotiate a lower price for the…
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