Elon Musk has concluded the $44 billion Twitter acquisition deal, becoming the new owner of Twitter, Inc. After months of legal disputes, the multibillionaire has added the social media giants to his empire.
Following the takeover deal, Musk has reportedly terminated several top Twitter representatives. The sources reveal that he fired Parag Agrawal (CEO), Ned Segal (CFO), Vijaya Gadde (head of legal policy, trust & safety), and Sean Edgett (general counsel). However, Twitter executives have not yet responded to the latest disclosures.
As per reports, Musk recently informed the potential investors in his purchase of Twitter that he plans to fire nearly 75% of the 7,500 employees.
From “Perfume Salesman” to “Chief Twit”
On Thursday, the Tesla CEO appeared at the Twitter headquarters with a sink and tweeted “Entering Twitter HQ – let that sink in!.” Later, Musk stated in a message to advertisers on Twitter that he was acquiring Twitter.
Musk added:
The reason I acquired Twitter is because it is important to the future of civilization to have a common digital town square, where a wide range of beliefs can be debated in a healthy manner, without resorting to violence.
He claimed that Twitter must be “warm and welcoming to all” and added that the platform allows users to “choose your desired experience according to your preferences, just as you can choose, for example, to see movies or play video games ranging from all ages to mature.”
The billionaire also shared a photo of himself interacting at the Twitter headquarters’ coffee bar. At the same time, the “Burnt Hair Perfume Salesman” updated his Twitter bio as “Chief Twit.”
The battle between Elon Musk and Twitter has already gained widespread attention globally. Musk initially planned to buy Twitter, but then altered his mind, claiming that the social media company had provided incorrect information regarding spam bots. Twitter breached its contractual commitments after he backed away from the initiative.
However, Musk changed his mind again and stated that he would buy Twitter for the agreed-upon price of $54.20 per share.
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