BREAKING: Elon Musk Officially Owns Twitter – Immediately Fires CEO Parag Agrawal, CFO and Legal Head Vijaya Gadde

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Elon Musk and Twitter reached a deal on Thursday.

Musk is the official owner of Twitter.

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Elon Musk purchased Twitter for $54.20 per share – or about $44 billion.

“Twitter CEO Parag Agrawal and finance chief Ned Segal have left the company’s San Francisco headquarters and will not be returning, sources said.” According to CNBC.

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Insider reported:

Elon Musk is now the owner of Twitter.

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Thursday evening, Twitter and Musk formally closed on the billionaire’s offer to take the company private by paying $54.20 per share, equal to about $44 billion, sources close to the deal told Insider. Musk made a U-turn on the offer in October, after spending months trying to pull out of the agreement. The same evening, Musk also ousted CEO Parag Agrawal and CFO Ned Segal the sources said.

Musk has been at Twitter’s San Francisco headquarters this week, meeting with workers and holding impromptu discussions with them in the cafe, Insider reported. An all-hands meeting is expected to take place on Friday.

As a result of the new deal, Twitter’s lawsuit against Musk over the $44 billion purchase will come to an end after Twitter files for the case to be dismissed in the Delaware Court of Chancery, University of Michigan business law professor Erik Gordon said.


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