Finally, Elon Musk Acquires Twitter, Fires CEO, CFO, other executives


Few days ago, Elon Musk posted a video of himself entering Twitter headquarter, and now he has fully taken over the 16 years old microblogging and social networking platform.

Finally, Elon Musk Acquires Twitter, Fires CEO, CFO, other executives

According to multiple media reports [WSJ, CNBC], Musk has officially closed the billionaire’s deal to purchase the firm for $54.20 per share, or approximately $44 billion, on Thursday night.

Musk has also fired CFO Ned Segal and CEO Parag Agrawal, Twitter's head of legal policy who made decision to ban Trump's account, Vijaya Gadde.

This week, according to sources, Musk visited the San Francisco office of Twitter, where he met with staff members and had casual conversations with them in the café.

On Friday, there will likely be an all-hands gathering of workers. Musk posted a video carrying a sink when he arrived at the Twitter headquarters earlier this week and tweeted, “Entering Twitter HQ-Let that sink in!”

The deal, which will return Twitter to private ownership, expands Mr. Musk’s business empire, which includes Tesla Inc., the world’s most valuable car firm, and Space Exploration Technologies Corp., or SpaceX.

Mr. Musk, Twitter’s largest individual shareholder, had stated that he would pay for the acquisition largely with cash and some from co-investors, including $13 billion in debt.

Ex-Twitter CEO Parag Agrawal will receive $42 million after being terminated by Elon Musk. The bird is finally freed.

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