Elon Musk completes $44bn Twitter takeover

Dismisses top executives

Elliot Gulliver-Needham
clock • 1 min read

Elon Musk became the owner of Twitter yesterday evening (28 October), as his $44bn deal to take over the firm finally closed.

One of his first moves as owner was to fire several top Twitter executives, including CEO Parag Agrawal, CFO Ned Segal and Vijaya Gadde, head of legal policy, trust, and safety. Sean Edgett, the company's general counsel, is also rumoured to have been pushed out. The top executives were escorted out of the firm's San Francisco headquarters last night. Elon Musk to buy Twitter for original price of $44bn Musk's first actions signal his intentions to significantly influence Twitter, having previously criticised the company's outgoing management over content moderation and product...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now


Already an Investment Week


More on Companies