Former CEO Jack Dorsey told Musk he personally believes Twitter would be better equipped to focus on execution as a private company, according to the filing..
Tuesday's filing reveals a timeline of conversations from Twitter's perspective in the lead-up to the deal, beginning on March 26, when Musk reached out to former CEO Jack Dorsey "to discuss the future direction of social media." That same day, Musk also reached out to Twitter board member Egon Duban and the two discussed the possibility of Musk joining the board.
After meetings between board members with Musk that included lawyers and bankers, they reached an agreement on Musk joining the board in early April, contingent on a background check and other customary procedures. Soon after that conversation, the board completed Musk's background check and his appointment to the board was set to go into effect on April 9. Leading up to that date, Musk and Agrawal continued discussing Twitter's business and products in anticipation of his new role on the board. But before the appointment came into effect, Musk told Taylor and Agrawal he would no longer be joining the board and would instead make an offer to take Twitter private.
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