Following Elon Musk’s notice to Twitter that he wanted out of his $44 billion deal to buy the company, employees have been instructed not to comment publicly on the deal. An internal memo by Twitter’s general counsel and obtained by ledge Says that employees should “refrain from tweeting, slacking off, or sharing any comments about the merger agreement.”
The note, which you can read in full below, cites the fact that the merger is an ongoing legal matter. Musk’s team alleged that the company “failed or denies giving” about the number of bots on its platform, and Twitter’s board has announced that it is suing Musk to ensure that the deal is not original. categorically agrees.
After news broke on Friday that Musk was looking to pull out of the deal, Twitter employees made some very comical tweets about the situation. One tweeted that he “unilaterally canceled my mortgage” and was happy he didn’t have to pay anymore, referring to the fact that it’s not very clear whether Musk can legally say “nah”. are and can go. Another tweet mentioned a Disney employee trip that was canceled as a cost-cutting measure following the announcement of the Musk deal.
Here’s the memo that Twitter General Counsel Sean Edgett sent to employees on Friday:
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Today we received notice of the alleged dismissal from Elon Musk, and the Twitter board issued the following statement in response (see our chairman Brett Taylor’s tweet here):
“The Twitter Board is committed to closing the transaction on the price and terms agreed with Mr. Musk and plans to take legal action to enforce the merger agreement. We are confident we will win in the Delaware Court of Chancery “
Given that this is an ongoing legal matter, you should refrain from tweeting, slacking or sharing any comments about the merger agreement. We will continue to share information when we are able, but please know that we are going to be very limited on what we can share in the meantime.
I know this is an uncertain time, and we appreciate your patience and continued commitment to the important work you are doing.