According to CNBC and the Washington Post, Tesla CEO Elon Musk completed a deal to take Twitter private for $44 billion (about RMB 317.68 billion).
Elon Musk first fired several Twitter executives, three people familiar with the matter said. One of them confirmed the deal had been completed. Twitter CEO Parag Agrawal, CFO Ned Segal, and head of legal policy, trust and security Vijaya Gadde were all fired, and three Twitter executives were hastily sent out of the building.
Twitter’s general counsel, Sean Edgett, was also fired, a person familiar with the matter said. Elon Musk has previously publicly criticized Twitter’s outgoing management over product decisions and content moderation.
In April this year, Elon Musk proposed to acquire Twitter at a price of $54.20 per share (about 384 yuan). On October 27, banks began distributing $13 billion (about 93.34 billion yuan) in funding to support Elon Musk’s acquisition of Twitter.
The New York Stock Exchange website showed on October 27 that Twitter’s shares will be suspended on Friday, local time, as Elon Musk faces a court-imposed deadline of October 28 to complete the $44 billion acquisition of Twitter.
