Project Veritas has obtained and released the entire leaked audio recording of the all-hands meeting Twitter held earlier this week after the board voted unanimously to accept Elon Musk’s offer to buy the company for $54.20 per share.
The call took place on Monday afternoon, only hours after the board officially voted to accept Musk’s offer and trading was immediately suspended.
Both CEO Parag Agrawal and other board members spoke about the “emotion” of the day, before thoroughly explaining their fiduciary duty to shareholders. Musk’s offer was nearly twice a proposed valuation from Goldman Sachs last year.
Twitter CMO Leslie Berland acknowledged that Twitter’s “moderation policies” are why Musk bought the company.
“Elon made it clear in public that a large part of the reason he bought the platform was because of our moderation policies and disagreements in how we deal with health,” said Berland. “This puts Twitter service and Trust and Safety as well as anybody who cares about health on the platform in a very difficult position.”
Musk successfully closed the deal to buy Twitter for $44 billion yesterday after weeks of speculation led to an official offer to buy Twitter on April 14.
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