Home » News » Tech » Elon Musk Finally Buys Twitter
Parag Agrawal, the CEO of Twitter said on Sunday night that Elon Musk has decided not to join Twitter’s board of directors. On April 9th,

Elon Musk Finally Buys Twitter

The richest man in the world, Elon Musk, has finalized his $44bn (£38.1bn) takeover of Twitter. This has been revealed to the US media by an investor in the firm.

Apparently, due to the takeover, a good number of top executives including the boss, Parag Agrawal, have reportedly been fired.

The news of the purchase brings an end to a saga in which Twitter went to court to hold the billionaire to the terms of the deal. Musk had apparently tried to escape the deal.

As for the Billionaire, he tweeted that his interest in the firm has nothing to do with making money.

Twitter has not yet confirmed the takeover, but an early investor in the company told reporters the deal had been completed

“I think the court pushed him over the line. Quite frankly, this has sort of been a disaster from the beginning… Starting off very aggressively courting Twitter in a way that really forced Twitter to the table… Then getting all upset and having a public spat over what to me was pretty well known issues,” said Ross Gerber, chief executive of Gerber Kawasaki Investments.

US media reports have shown that Mr Agrawal, the company’s chief executive is no longer part of the company. Together with Mr. Agrawal, Ned Segal, the chief financial officer is also not part of Twitter anymore.

Mr Agrawal and Mr Segal were escorted out of Twitter’s San Francisco headquarters after the deal closed, the Reuters news agency reported.

Earlier this week Mr Musk tweeted a video of himself walking into Twitter’s headquarters in San Francisco carrying a kitchen sink. He captioned the video “let that sink in!”

He also changed his Twitter profile to read “Chief Twit”.

Check Also;

This is not a Paywall, but Newslex Point's journalism consumes a lot of time, hard-work and money. That's why we're kindly requesting you to support us in anyway they can, for as little as $1 or more, you can support us .

Please use the button below to contribute to Newslex Point, Inc. using a credit card or via PayPal.

Donate Button with Credit Cards




About Kyeyune Andrew Jonathan


Check Also

Evaluating The Viability Of 5G Technology In Ugandan Market

Evaluating The Viability Of 5G Technology In Ugandan Market

As the world continues to embrace the era of advanced telecommunications, the fifth-generation (5G) technology ...