On May 20, Beijing time, twitter executives told employees on Thursday that the deal to sell the company to billionaire Elon Musk for $44 billion was going on as planned, and they would not renegotiate the agreed price of $54.20 per share. According to people attending the meeting, Vijaya gadde, Twitter's chief lawyer and policy director, also told employees at a plenary meeting that there was no "transaction shelved".
She refuted Musk's statement in the past week that he suspended trading in order to learn more about the number of robots and spam accounts on twitter.
In addition, other twitter executives, including twitter CEO Parag Agrawal and CFO ned Segal, also addressed employees. The company wide video conference was designed to allow the company's leadership to discuss the deal and provide more details. Prior to this, twitter submitted a proxy statement to the securities and Exchange Commission this week, outlining the history and terms of the transaction.
Musk said earlier this week that he was interested in renegotiating the deal to buy twitter. Twitter's current share price is $37.45 a share, well below the offer.