Will This Move Put End to the Twitter Elon Musk Takeover Deal

The post Will This Move Put End to the Twitter Elon Musk Takeover Deal appeared first on Coinpedia Fintech News

According to a recent Bloomberg report, Twitter has locked its employee stock accounts in anticipation of the success of the deal with Elon Musk. It is unknown whether there would be any changes in the deal’s terms and conditions.

A Bloomberg journalist, Ed Ludlow, said that Twitter froze equity awards accounts for employees on Monday. Ludlow believes this move by Twitter is associated with Musk’s deal. 

A Bloomberg report has also mentioned that Twitter updated its employee FAQ page this week to alert staff of the move. Employees won’t be able to access or trade shares from the Equity Award Center after this. This change is also supposedly hinting at the deal closure by an entity controlled by Musk.