World’s richest man, Elon Musk has finalised the complete takeover of Twitter in a $44 billion deal, The New Diplomat can now report.
Sources who spoke with the press said Musk completed the deal in the late hours of Thursday.
Following the takeover, Musk tweeted that “the bird is freed,” referencing the company’s iconic avian logo.
Reports emerging also revealed that Musk has already sacked the Chief Executive of Twitter, Parag Agrawal, as well as the company’s chief financial officer and its head of safety.
With Musk closing the Twitter deal, the cloud of uncertainty that has hung over Twitter’s business might have vanished into thin air.
It would be recalled that after initially agreeing to buy the company in April, Musk spent months attempting to get out of the deal, first citing concerns about the number of bots on the platform, an allegation that has since been rejected by the company.
Twitter, in turn, sought to prove Musk was contriving excuses to walk away simply because he changed his mind.
After Musk sought to terminate the sale, Twitter filed a lawsuit to hold Musk to the agreement.
With a trial looming, the unpredictable billionaire capitulated and revived his takeover plan.
