Twitter locks staff stock accounts in anticipation of deal

Twitter freezes employee stock accounts ahead of Musk deal

Twitter locked staff out of their stock accounts Monday in anticipation of Tesla CEO Elon Musk's takeover of the social media company.

Twitter has frozen staff stock accounts in a concrete sign Elon Musk's takeover deal is close to completion, report says

Twitter told staff that the accounts were frozen for a reconciliation of employee accounts "prior to close of the acquisition," Bloomberg reported.

Twitter freezes stock accounts of employees ahead of $44bn deal with Elon Musk

(Bloomberg) -- Twitter Inc. froze the equity awards accounts for employees on Monday as the deadline to seal a deal with Elon Musk approaches.

Twitter locks employees accounts in anticipation of deal, report says

Earlier this month, Musk reversed course and said he will proceed with the deal on original terms, following which a judge halted the trial that was scheduled for this week

Twitter locks staff stock accounts in anticipation of deal

The report sent Twitter shares up 1.8% at $51.6, still lower than Musk's offer price of $54.2 per share.

Twitter locks its staff stock accounts ahead of impending deal, reports

Staff were notified that they would not be able to access or trade their shares from the company ahead of its pending sale.