Elon Musk ‘s ousted top executives take control of Twitter. The billionaire’s deal to buy the Musk social media network came just hours before a deadline to execute the on-again, off-again deal, US media reported Thursday.
Musk’s initial move on Twitter was to fire Parag Agarwal. Chief Executive Parag Agarwal, who has opposed the Tesla chief over the terms of a takeover deal and went to court, The Washington Post and CNBC reported on condition of anonymity. The Twitter deal he signed in April was a court-imposed deadline for Musk.
“Entering Twitter HQ – let it sink in,” the video’s billionaire Tesla CEO captioned it. He also kept a journal while he was at Twitter’s San Francisco headquarters. Although it’s unclear if Musk will meet with anyone at Twitter, it is thought that he is collaborating with the organization to resume the $44 billion takeover.
It’s not clear if Musk will meet with anyone at Twitter, but he is believed to be working with the company to complete the $44 billion takeover again.
If the deal isn’t sealed by Friday, Musk will face trial for breach of contract.
He made an offer to buy Twitter and struck a deal in April — but then tried to pull off the sale. Twitter filed a case to detain him.
“I think it’s an asset that’s long overdue but has incredible potential, although obviously myself and other investors are currently overpaying for Twitter.” Musk said