The acquisition of popular social media platform Twitter has finally been completed. According to people familiar with the matter, Tesla CEO Elon Musk completed his $44 billion acquisition of the microblogging site.
It is now reported that Twitter Chief Executive Officer Parag Agrawal; Vijaya Gadde, the head of legal, policy and trust; Chief Financial Officer Ned Segal, who joined Twitter in 2017; and Sean Edgett, who has been general counsel at Twitter since 2012, have been fired from the company as soon as Musk took the charge.
Reports also suggest that Shareholders will be paid $54.20 per share, and Twitter will now operate as a private company.
The development came a day before the court’s deadline to buy Twitter. It is known that the court has set October 28 as the final deadline to come to a decision regarding the purchase of Twitter. Musk, who accelerated the steps to complete the process, recently met with bankers for loans of 13 billion dollars.