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Elon Musk to address Twitter employees for first time

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Yahoo Finance anchors discuss news that Tesla CEO Elon Musk will address Twitter employees this week for the first time since the buyout deal was announced.

Video Transcript

JULIE HYMAN: Twitter moving a little bit higher here, as Elon Musk set to address the employees of Twitter later this week for the first time since his $44 billion acquisition bid that, of course, he made in April. There have been a lot of questions about whether that bid would be closed. I mean, I would argue today, I mean, the stock was down 5% yesterday. It's up 4 and 1/2% today. Even if this news wasn't out there, Twitter would be bouncing today, along with the rest of the group.

That said, the fact that he's actually going to be there-- well, I guess, be there virtually, I believe-- and speak to these employees, does that maybe mean it's a little more likely the acquisition is going to close? Maybe.

BRIAN SOZZI: I'm just giggling--

JULIE HYMAN: Who knows?

BRIAN SOZZI: --because I've never seen this before. The deal hasn't closed, and the person acquiring the company is going to talk to the employees of the company. I've never seen it before. I've just never seen it.

JULIE HYMAN: Well, I mean, put it on the list for Elon Musk--

BRIAN SOZZI: Right, just add it to the list.

JULIE HYMAN: --of things that we've never seen before, right? I mean, this is a guy that does--

BRIAN SOZZI: And you'll probably never see it again.

JULIE HYMAN: --lots of things that nobody else does.

BRAD SMITH: The entire route to try and acquire a company this way has never been seen before.

JULIE HYMAN: Yes, that too.

BRAD SMITH: Having also the shares of the other company that you run be so tied to this potential acquisition as well, that they move in concert lower because of the possibility that it might go through, we've never seen that before.