Musk Fixing Twitter, Ousts Top Executives – AP
Elon Musk has taken control of Twitter and ousted the CEO, chief financial officer, and the company’s top lawyer, two people familiar with the deal said Thursday night.
The people wouldn’t say if all the paperwork for the deal, originally valued at $44 billion, had been signed or if the deal has closed. But they said Musk is in charge of the social media platform and has fired CEO Parag Agrawal, CFO Ned Segal, and Chief Legal Counsel Vijaya Gadde. Neither person wanted to be identified because of the sensitive nature of the deal.
A few hours later, Musk tweeted, “the bird has been freed,” a reference to Twitter’s logo.
The departures came just hours before a deadline set by a Delaware judge to finalize the deal on Friday. She threatened to schedule a trial if no agreement was reached.
Although they came quickly, the major personnel moves had been widely expected and almost certainly are the first of many major changes the mercurial Tesla CEO will make.
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