Deals

Twitter CEO explains why he's shaking up leadership and firing staffers ahead of expected Elon Musk takeover: 'We need to be prepared for all scenarios'

15 days ago   |   By Business Insider

Elon Musk and Parag Agrawal. Getty Images
Twitter CEO Parag Agrawal hasn't been active on Twitter since the Musk buy.
Agrawal in a thread referenced Twitter's hiring pause and said he expected the deal to go through.
"I won't use the deal as an excuse to avoid making important decisions for the health of the company," he wrote.
Twitter CEO Parag Agrawal hasn't been very vocal on his Twitter account since Elon Musk mounted a bid to buy Twitter for $44 billion in late April - but that changed on Friday. "A lot has happened over the past several weeks. I've been focused on the company and...
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Elon Musk wants to change how he funds his Twitter takeover so it's less risky and he's directly responsible for less of it

15 days ago   |   By Business Insider

Elon Musk. Andrew Kelly/Reuters
Elon Musk is attempting to get preferred equity financing for his Twitter takeover, Bloomberg reported Thursday.
The Tesla chief has secured investors to take up much of his margin loan already, and he's looking to get more backing.
Prior to the refinancing, the Twitter deal hinged on the stability of Tesla's stock, which Musk had staked as collateral.
Elon Musk is attempting to restructure how he finances his $44 billion Twitter takeover to eliminate the need for a margin loan backed by some of his Tesla stock, Bloomberg reported Thursday. According to the...
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