October 28, 2022

Elon Musk Acquired Twitter

Elon Musk completed $44 billion acquisition of Twitter, according to US media and investors in the company.

He tweeted, "the bird is freed," apparently referring to the deal.

A number of top officials have reportedly been laid off namely Twitter CEO, Parag Agrawal.

Other names includes financial officer Ned Segal, and the firm's top legal and policy executive, Vijaya Gadde, are no longer with the company.

He had accused them of misleading him and his Twitter investors about the number of fake accounts on social media platforms.

Reportedly, shareholders will be paid $54.20 per share, and Twitter will now operate as a private company. 

$44 billion acquisition is the culmination of an amazing story full of twists and turns that cast doubt on Musk's ability to complete the acquisition.