'Let that sink in': Elon Musk walks into Twitter HQ with a sink in hand as deal deadline closes
SAN FRANCISCO, CALIFORNIA: Elon Musk has hit his desk at San Francisco’s headquarters after inching closer to taking over Twitter reins on Wednesday, October 26. The Tesla founder is all set to seal the deal estimated to be around $44 billion to acquire Twitter. Interestingly, Musk hung on to his reputation and entered the building holding a sink in his hands. The 51-year-old entrepreneur posted a video and tweeted, "Entering Twitter HQ – let that sink in!" The billionaire also teased his followers in his unique way by updating his Twitter bio to "Chief Twit" and changing his location to "Twitter HQ."
Leslie Berland, Chief Marketing Officer at Twitter, had shared an email to staff letting the team know that Musk will be dropping by the office this week, reported CNN. "As you'll soon see or hear, Elon is in the SF office this week meeting with folks, walking the halls, and continuing to dive in on the important work you all do," read the email, according to the outlet. "If you're in SF and see him around, say hi! For everyone else, this is just the beginning of many meetings and conversations with Elon," the email continued.
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Entering Twitter HQ – let that sink in! pic.twitter.com/D68z4K2wq7
— Elon Musk (@elonmusk) October 26, 2022
However, this may have only added to the anxiety of Twitter employees as reported by The Washington Post, as Musk plans to cut around 75% of the company’s 7,500 workers. Media houses, such as Bloomberg and CNN had however reported that Twitter General Sean Edgett wrote a memo to staff informing, the organization does “not have any confirmation of the buyer's plans following close and recommend not following rumors or leaked documents but rather wait for facts from us and the buyer directly."
The deal had seen its own ups and downs, as Musk who first agreed to purchase Twitter in April backed out after three months of negotiations, alleging the company has "breach of multiple provisions" mentioned in the original agreement. Twitter responded by filing a lawsuit against Musk, hoping he will be forced to go ahead with the acquisition. As per a court document obtained by People, Twitter accused Musk of acting in "bad faith" after reaching the final stages to buy the social media platform.
At last, after a month of uncertainty, Musk sent the official letter to Twitter in October and expressed his proposal to acquire the firm at the original price he had agreed on, reported both Bloomberg and The New York Times. Musk put the condition on the deal that the platform must drop the lawsuit against him first.
At a recent Tesla earnings call on October 19, Musk admitted that he is "excited" about buying Twitter, and called it an "incredible potential," but added that he and his team are "obviously overpaying for Twitter right now." The Twitter lawsuit has been put on hold as of now in Delaware court as per Reuters, until October 28 to close the deal, or else the case will go ahead with its trial in November.