Elon Musk has closed his $44 billion deal to buy Twitter and fired four top executives, including the chief executive and chief financial officer.
The acquisition deal between the management of the micro-blogging platform and the billionaire was first announced in late April.
But the following months witnessed disagreements that threatened the deal. Musk announced his intention to halt the acquisition and the management of Twitter filed a lawsuit to compel the Tesla CEO to follow through with the acquisition agreement.
Musk eventually completed the acquisition on Thursday night—before the end of the court-imposed deadline of 28 October. Announcing that he has taken over the social networking platform, Musk tweeted “The bird app is freed” and updated his Twitter bio to read, “Chief Twit.”
As the billionaire entrepreneur took over on Thursday night, he fired Twitter’s chief executive, Parag Agrawal; the chief financial officer, Ned Segal; the head of legal, policy and safety, Vijaya Gadde; and Twitter’s general counsel, Sean Edgett, Financial Times reported, citing an anonymous source.
- Senate Backs Death Penalty for Drug Traffickers - May 10, 2024
- House of Reps Hit Pause on CBN’s Cybersecurity Levy - May 10, 2024
- Gunmen Storm Kogi University, Abduct Students - May 10, 2024
