Twitter CEO Says It’s Business as Usual Until Deal Closes (1)

Twitter Inc. Chief Executive Officer Parag Agrawal and Chairman Bret Taylor told employees on Monday that the social network will keep operating as usual -- including with Agrawal at the helm -- until the deal to sell the company to Elon Musk for $44 billion closes later this year.

The deal was signed Monday morning, Agrawal told workers, adding that Musk’s transaction to take the company private could take as long as six months to complete, according to two people with knowledge of the meeting’s details. The CEO told staffers there would be no job cuts “at this time,” and ...