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Twitter chairman says company is ‘committed to closing the transaction’ with Elon Musk

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Twitter Chairman and Salesforce co-CEO Bret Taylor reiterates Twitter's commitment towards reaching a sale deal with Elon Musk.

Video transcript

JULIE HYMAN: Let's get right to Sozzi's Take today. Sozzi, you spoke to the Salesforce co-CEO and Twitter chairman Bret Taylor about Musk, the Twitter deal, and lots of other stuff.

BRIAN SOZZI: Yeah, of course, we talked a lot about Salesforce itself, but as we know, Bret Taylor is the chairman of Twitter. So I asked him, what's up with the deal?

BRET TAYLOR: Twitter, as a platform, has never been more relevant. And it's a privilege to be a part of such an important platform. And as you said, it's a very unusual situation. I can't say much beyond what we said in the proxy, but we're obviously committed to closing the transaction.

BRIAN SOZZI: So the deal will still close?

BRET TAYLOR: Yes.

BRIAN SOZZI: Short but sweet from Bret Taylor, still looking for that deal to close. I should note that no date has been set for that shareholder vote. So, an ongoing saga. So here's my take for this. Ultimately, it would be good to just get this deal done. And I'll lump right in there Spirit Airlines and Frontier. Just get it done. And then let Elon Musk do whatever he wants to do with this platform. And just get it into private markets. Because what Dan Ives's point, if this deal does not get done, you're looking at a potentially much lower stock price for Twitter.

BRAD SMITH: Yeah. Well, at what point do the end users for Twitter as well, I mean, do they decide, do we stay on the platform? Are the changes actually going to come through and affect the user experience?

BRIAN SOZZI: Yeah, well, times be told. I mean, it's unclear, really, what his platform-- what his opportunity is with Twitter, and then what he plans to actually do with it. I know he leaked or someone leaked that pitch deck to the folks at "The New York Times" several months ago. He wants to grow users. He wants to make it a more premium experience. But outside of that pitch deck, we haven't heard much from him. And we haven't heard much from him on Twitter, what, the past nine days. He hasn't tweeted.

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