CNN: Elon Musk Acquires Twitter, Fires CEO

 

Elon Musk has completed his $44 billion deal to buy Twitter, a source familiar with the deal told CNN Thursday.

Musk fired CEO Parag Agrawal and two other executives, according to two people familiar with the decision.

The deal’s closing removes a cloud of uncertainty that has hung over Twitter’s business, employees and shareholders for much of the year. After initially agreeing to buy the company in April, Musk spent months attempting to get out of the deal, first citing concerns about the number of bots on the platform and later allegations raised by a company whistleblower.

Head to CNN Business

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