By Denny Jacob

 

--Twitter Inc executives told employees its deal with Elon Musk is moving forward as planned and it won't renegotiate the agreed-upon price of $54.20 a share, Bloomberg reported.

--Vijaya Gadde, Twitter's top lawyer and head of policy, told employees at an all-hands meeting that there is "no such thing as a deal being on hold," the report said, citing people who attended the meeting.

--Finance Chief Ned Segal told employees that company executives are still engaging with Mr. Musk and his team, and working with them "regularly" throughout the process, Bloomberg reported.

--Elon Musk recently said his planned acquisition of Twitter was temporarily on hold because of concerns about fake accounts.

Full story at https://www.bloomberg.com/news/articles/2022-05-19/twitter-deal-is-proceeding-not-on-hold-executives-tell-staff?utm_source=google&utm_medium=bd&cmpId=google&sref=b0us4KbN

 

Write to Denny Jacob at denny.jacob@wsj.com

 

(END) Dow Jones Newswires

May 19, 2022 14:10 ET (18:10 GMT)

Copyright (c) 2022 Dow Jones & Company, Inc.
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