A months-long saga ultimately concludes: Elon Musk owns Twitter.
The deal was closed Thursday evening, in accordance to CNBC. CEO Parag Agrawal, main fiscal officer Ned Segal, and head of legal, policy and protection, Vijaya Gadde have been fired, in accordance to the Washington Write-up. Twitter and representatives for Musk have not responded to request from Cayuga Media.
The drama commenced in early April, when Musk bought a 9.2% share in the business, making him Twitter’s premier shareholder. He was available a seat on the board, something that previous Twitter CEO Jack Dorsey appeared energized about. A couple of days later on, Musk turned down the board seat and manufactured an give to get the total enterprise for $44 billion.
But Musk quickly showed symptoms of buyer’s regret, attempting to back out of the deal by proclaiming Twitter experienced extra bots than it let on. In July, Twitter submitted a lawsuit compelling Musk to both go via with the buy or pay the $1 billion break up fee. The get-togethers were being ready to take care of issues in advance of obtaining to surface in Delaware chancery court, but not before a established of Musk’s texts with Twitter CEO Parag Agrawal and various other influential men and women were being unveiled as aspect of the lawsuit.
Twitter employees have not been thrilled about the new manager. Soon after a report emerged that Musk planned to fire up to 75% of the workforce, Twitter workers drafted an open letter demanding good treatment under the new routine.
On Wednesday, the father of (at least) 8 frequented Twitter’s San Francisco business office, carrying a porcelain sink. “Entering Twitter HQ – enable that sink in!” Musk tweeted.
