Elon Musk offers to buy Twitter at original price. What employees feel

Tesla CEO Elon Musk has proposed to buy Twitter at the originally agreed-on price of $44 billion, in a surprise move that could bring to an end the bitter legal fight between the billionaire and the social media company.

Such an arrangement would allow Musk to acquire Twitter at $54.20 per share, the price he agreed to pay for the company in April, reports said.

Musk made the surprising turnaround in a letter to Twitter that the company disclosed in a filing Tuesday with the U.S. Securities and Exchange Commission. The offer comes just two weeks before a trial starts in October 17.


In response, Twitter said it intends to close the transaction at $54.20 per share. But the company stopped short of saying it's dropping its lawsuit against Musk, given the lack of trust between the two parties.

Experts pointed out that while some logistical and legal hurdles remain, Musk could be in charge of Twitter in a matter of days

Reports mentioned that the morale of Twitter workers is at an all-time low as they have little idea what will become of a company that internally protested against the takeover. More the 700 employees have recently quit Twitter.

Twitter CEO Parag Agrawal sent an internal email to employees after Musk intended to buy it again. "We received the letter from the Musk parties which they have filed with the SEC. Our intention is to close the transaction at $54.20 per share. I will continue to keep you posted on significant updates, but in the meantime, thank you for your patience as we work through this on the legal side," the email said, according to an IANS report.

The report said that employees voiced their suspicion of Musk's letter on the company's internal Slack channel

"I don't understand why Elon would need to propose the deal again. The original one still stands. Just write the check, bro," they said, according to Platformer.

Another employee wrote that they "generally have a low opinion of Musk". "Now time to exit the theme park and let the new owner raze it to the ground", wrote another.

As for relations between Musk and CEO Agrawal, recently leaked texts showed the two men briefly bonded in the spring over their love of engineering and that the relationship later soured.