Dorsey, who currently heads payments firm Block Inc, owns a
2.4% stake in Twitter, according to Refinitiv.
Since the Twitter board accepted Musk’s $44 billion buyout
offer on April 25, there is little clarity on the company’s new leadership once
the deal closes.
Reuters reported on April 29 that Musk had lined up a new
chief executive, while there are reports that the Tesla Inc chief may
temporarily take over the top job.
Dorsey has had a tumultuous run as the head of the social
media company. He was replaced as Twitter CEO in 2008, two years after
launching the service, but took over the top job again in 2015 before ceding
the role to chief technology officer Parag Agarwal late last year.
Meanwhile, a recent regulatory filing showed that Musk was
in talks with Dorsey to contribute his shares to the proposed acquisition.