Twitter Not Being Held Hostage To Elon Musk: Parag Agrawal

After Elon Musk's $43bn takeover bid of Twitter was announced, the social media company's CEO Parag Agrawal said at a staff meeting that the company was not being "held hostage" by the offer.

Musk on Thursday revealed that he offered to buy the social media company for $43 billion offering $54.20 per share.

According to the BBC, Twitter employees present at the meeting said they left the meeting feeling more confused.

Musk had become the biggest Twitter shareholder after buying a nine per cent stake in the social media company. However, he was overtaken by asset management firm Vanguard Group who own a 10.3 per cent stake in the company.

Speaking at a TED2022 conference in Vancouver, Musk confessed that he is not sure that he would be able to acquire the social media company.