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Elon Musk completes Twitter deal, immediately fires CEO and CFO


Elon Musk completes Twitter deal, immediately fires CEO and CFO

Elon Musk fired several Twitter Inc. executives after finishing his takeover of the micro-blogging site, according to sources, capping an unusual corporate battle and setting up one of the world’s most influential social-media platforms for potentially widespread change.

Musk fired CEO Parag Agrawal and CFO Ned Segal post the closure of the deal, the people said. Musk also fired Sean Edgett, general counsel, and Vijaya Gadde, Twitter’s top policy and legal executive. Spokespeople for Twitter did not comment.

Hours after those actions, Musk tweeted the bird is freed in a reference to Twitter, which has a bluebird as its logo.

Musk first agreed to purchase Twitter in April 2022 for $44 billion, then threatened to walk away from the deal, before reversing course again in October 2022 and committing to see through the purchase.

Musk previously indicated unhappiness with some of Twitter's top brass, at one point responding to a tweet from Agrawal with a poop emoji.

The acquisition, in which Twitter will again become a private company, adds to Musk’s expansive business reach, which also includes running SpaceX and the world’s most valuable car company, Tesla Inc., among other endeavors.

After becoming Twitter’s largest individual shareholder, Musk said he would pay for the acquisition mostly with cash, $13 billion in debt, and some contributed by co-investors.

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