After a prolonged back-and-forth, Musk finally acquired the social media platform Thursday.
Elon Musk officially added a new CEO title to his resume after formally completing his acquisition of Twitter on Thursday evening, according to Reuters. The Tesla boss narrowly beat a deadline placed on the deal that had been given to him by a Delaware Chancery Court judge.
The completion of the deal came amid reports Musk fired Twitter Chief Executive Parag Agrawal, Chief Financial Officer Ned Segal, Reuters reported, citing «people familiar with the matter.» Vijaya Gadde, the company’s legal affairs and policy chief, was also fired.
Judge Kathaleen St. J. McCormick had given Musk until 5 p.m. ET on Friday to complete the merger for Twitter or be forced to go to trial in November. Musk originally agreed to a $44 billion merger in April, but he later tried to back out of his proposal. Musk cited high levels of bots and spam on the social media platform as his reason for nixing the deal, but Twitter denied his claims that the company had undercounted fake accounts.
