Twitter CEO says he expects Musk deal to close but is ‘prepared for all scenarios’

Hours after Elon Musk said his Twitter buyout is temporarily on hold, Twitter’s CEO has said he still expects the deal to close, but “we need to be prepared for all scenarios.” In a series of tweets, Parag Agrawal didn’t directly address Musk’s earlier comments but he weighed in on yesterday’s leadership shakeup, which resulted in the firing of two senior Twitter executives.

The move had raised eyebrows not just because the two were popular longtime leaders at the company, but because many don’t expect Agrawal to keep the CEO job after the acquisition is finalized. (Musk has said he has no confidence in Twitter’s current leadership and reports suggest Musk intends to take over the CEO role at least temporarily.)

“Changes impacting people are always hard,” Agrawal said. “And some have been asking why a ‘lame-duck’ CEO would make these changes if we’re getting acquired anyway. The short answer is very simple: While I expect the deal to close, we need to be prepared for all scenarios and always do what’s right for Twitter.”