Twitter Inc co-founder Jack Dorsey stated on Wednesday that he was not eager to retake the helm of the social media firm, hinting at his restricted involvement if Elon Musk manages to efficiently shut the takeover deal.
Dorsey, who presently heads funds agency Block Inc, owns a 2.4% stake in Twitter, in line with Refinitiv.
For the reason that Twitter board accepted Musk’s $44 billion buyout provide on April 25, there’s little readability on the corporate’s new management as soon as the deal closes.
Reuters reported on April 29 that Musk had lined up a brand new chief govt, whereas there are experiences that the Tesla Inc chief might briefly take excessive job.
Dorsey has had a tumultuous run as the pinnacle of the social media firm. He was changed as Twitter CEO in 2008, two years after launching the service, however took excessive job once more in 2015 earlier than ceding the position to chief expertise officer Parag Agarwal late final 12 months.
In the meantime, a current regulatory submitting confirmed that Musk was in talks with Dorsey to contribute his shares to the proposed acquisition.
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