HomeNewsElon Musk acquires Twitter in $44bn deal

Elon Musk acquires Twitter in $44bn deal

Elon Musk acquires Twitter in $44bn deal
Elon Musk acquires Twitter in $44bn deal

Elon Musk, the richest man in the world, has finished buying out Twitter for $44 billion (£38.1 billion), according to a US government filing.

Mr. Musk later tweeted, “Let the good times roll.” Mr. Musk later tweeted, “the bird is freed.”

The boss, Parag Agrawal, and several other top executives are apparently no longer employed, according to the BBC.

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According to Reuters, Mr. Agrawal and two other executives were led out of Twitter’s San Francisco offices on Thursday night.

Months of legal fighting have come to an end with the completion of the purchase, but it has raised concerns about the platform’s future course.

Twitter board agrees to $44 billion takeover by Elon Musk

The takeover was confirmed in a document submitted to the US Securities and Exchange Commission on Thursday.

On Friday, the New York Stock Exchange said that trade in Twitter’s shares had been halted, citing the “merger effect” as the cause.

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