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Elon Musk Finally Takes Over Twitter

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Elon Musk Finally Takes Over Twitter

Elon Musk, the CEO of Tesla, is now in charge of Twitter! Twitter CEO Parag Agrawal and finance chief Ned Segal have departed and won’t be coming back, according to insiders. According to the Washington Post, Vijaya Gadde, the director of legal policy, trust, and safety, was also let go. 

Musk had until Friday to finalize his $44 billion purchase of Twitter, failing which the firm threatened legal action. READ: Twitter Intends to Finalize Its $44 Billion Offer to Elon Musk

Twitter filed a lawsuit against Musk after he announced he was ending the agreement, claiming the billionaire “refuses to honor his obligations to Twitter and its stockholders because the deal he signed no longer serves his interests.”

As the two sides prepared to go before Delaware’s Court of Chancery to decide the firm’s fate and whether the Tesla CEO would retain control of it, Twitter and Musk began exchanging jabs through their attorneys in the following months.

Musk had a change of heart earlier in October and declared he would proceed with his purchase of Twitter at the initial share price of $54.20 if the social messaging service abandoned its legal action. Twitter’s lawyers mistrust Musk’s intentions, claiming that the Tesla CEO’s “proposal is an invitation to further mischief and delay.”

Musk tweeted about the occasion, writing, “Entering Twitter HQ – let that sink in!” after he carried a sink to the Twitter headquarters earlier this week.

Musk recently changed the title of his Twitter account to “Chief Twit.”

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