Twitter takeover deal closed: Musk is now Twitter boss, fires Indian-origin CEO Agrawal, other top executives

New Delhi: Tesla CEO Elon Musk, after showing a lot of "antics" has finally taken over as Twitter boss by completing the $44 billion acquisition deal. Immediately after taking over the helms at Twitter, Musk fired Indian-origin CEO Parag Agrawal, Chief Financial Officer Ned Segal, the company's policy chief Vijaya Gadde and others. Agrawal received $38.7 million, Segal got $25.4 million, Gadde got $12.5 million, and Personette received $11.2 million, said reports.  Meanwhile, on Thursday, Musk visited the Twitter headquarters with a sink in his hand, ahead of the micro-blogging platform's takeover deal. He posted a video on Twitter with a caption: "Entering Twitter HQ-- let that sink in!". Musk has also recently changed his profile to 'Chief Twit'.

Entering Twitter HQ – let that sink in! pic.twitter.com/D68z4K2wq7

— Elon Musk (@elonmusk) October 26, 2022

Musk had today's deadline to complete the acquisition face the lawsuit at a court in Delaware, as per the deadline given by the judge. He has raised $13 billion as loan from banks and lenders to go ahead with the takeover deal. Banks signed agreement in April to provide Musk with the debt financing he needed to buy the company. Musk had previously stated that he is "obviously" overpaying to acquire Twitter, however he added that the micro-blogging platform has great potential in the long term.

The tech billionaire has promised to transform Twitter by loosening the service's content moderation rules, making its algorithm more transparent and nurturing subscription businesses, as well as laying off employees.

Watch this space for more on the Musk Twitter Takeover

28 October 2022

20:03 IST

Hours after he completed the Twitter acquisition for a whopping USD 44 billion deal, Tesla CEO Elon Musk tweeted "Let the good times roll", which he labeled as a "Spoiler Alert" for netizens. Elon Musk's tweet has created utter suspense in the minds of millions. "Spoiler Alert. Let the good times roll," Elon Musk tweeted early Friday morning after closing the Twitter acquisition deal Thursday night.

18:45 IST

Congress leader Rahul Gandhi today congratulated Elon Musk and shared a graphic to claim that his follower count is growing again. He claimed that growth of his follower count was supppressed.