Billionaire Elon Musk is officially the new owner of Twitter.
Musk closed the deal by paying $54.20 per share, equal to $44 billion, Business Insider reported.
According to The Washington Post, Twitter CEO Parag Agrawal and chief financial officer Ned Segal were among several top executives immediately fired by Musk.
Elon Musk officially owns Twitter. He fired several top executives as one of his first moves, people familiar with matter say. https://t.co/Lu39cYDnuV
— The Washington Post (@washingtonpost) October 28, 2022
Elon Musk is now in charge at Twitter. I'm told former CEO @paraga and CFO @nedsegal have left the company's HQ and will not be returning as the Musk era begins.
— David Faber (@davidfaber) October 28, 2022
BREAKING: Twitter’s CEO and CFO are out as Elon Musk takes over the company, sources tell CNBC https://t.co/P8OaJAPMXg
— CNBC Now (@CNBCnow) October 28, 2022
Friday was the deadline for Musk to finalize the acquisition of the social media giant or face additional legal battles.
This is a breaking news update.
