Tesla CEO Elon Musk offered to buy Twitter in a deal valuing the social media company at $43 billion.
At an all-staff meeting on Thursday, Agrawal said Twitter's board is considering Musk's offer and will act in the best interest of company shareholders, according to two employees in attendance.
Musk is one of Twitter’s power users with more than 80 million followers on the social media platform. He’s also been one of the company’s biggest critics.
The first question is whether Musk is able to follow through with the deal at all. Right now, according to Bloomberg, Musk has about $3 billion in readily accessible cash. So he would have to finance the rest of the deal some other way, whether that is selling shares of Tesla or borrowing money.
At an all-staff meeting on Thursday, Agrawal said Twitter's board is considering Musk's offer and will act in the best interest of company shareholders, according to two employees in attendance.
Tesla CEO Elon Musk offered to buy Twitter in a deal valuing the social media company at $43 billion.
Musk is one of Twitter’s power users with more than 80 million followers on the social media platform. He’s also been one of the company’s biggest critics.
The first question is whether Musk is able to follow through with the deal at all. Right now, according to Bloomberg, Musk has about $3 billion in readily accessible cash. So he would have to finance the rest of the deal some other way, whether that is selling shares of Tesla or borrowing money.