NEW YORK (Reuters) – Elon Musk’s $44 billion deal to buy Twitter could cost the company advertisers and employees who may be concerned about the company’s uncertain future.
In a filing with regulators on Monday, Twitter said,Companies may struggle to attract and retain key talentand mentioned that “due to the uncertainty of M&A transactions, our existing employees may be distracted, resulting in a decrease in their productivity”.
Twitter added that it would be difficult for the company to make adjustments to its business until the deal closes. Twitter suspended hiring and app updates while the acquisition was pending. Twitter said the deal could still fall apart, which would also be bad for business and could affect the company’s stock price.
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