Jack Dorsey says he is not interested in returning to lead Twitter

San Francisco, CA: Twitter Inc co-founder Jack Dorsey said on Wednesday that he is not eager to assume the helm of the social media business, implying that he will play a limited role if Elon Musk is successful in closing the acquisition transaction.

According to Refinitiv, Dorsey, who presently heads payments firm Block Inc, holds a 2.4 percent ownership in Twitter.

Since the board of directors of Twitter accepted Musk’s $44 billion takeover offer on April 25, there has been little clarification on the company’s future leadership until the deal is completed.

According to Reuters, Musk has lined up a new chief executive, and there are suggestions that the Tesla Inc CEO may temporarily take over the top role.

Dorsey has had a turbulent tenure as CEO of the social media business. He was removed as Twitter CEO in 2008, two years after the service’s introduction, but reclaimed the position in 2015 before handing it over to chief technology officer Parag Agarwal late last year.

Meanwhile, according to a recent regulatory filing, Musk was in talks with Dorsey about contributing his shares to the potential acquisition.

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