The world’s largest acquisition is finally completed. Tesla CEO Elon Musk has agreed to buy Twitter and as soon as he enters the company, big changes have started happening at the top level. The company’s CEO Parag Agarwal left the headquarters and did not return, while the CFO has also left the company.
New Delhi. Social media platform Twitter has finally got a new boss. After nearly six months of film drama, the world’s richest man, Elon Musk, has approved the acquisition of Twitter and has become the new Chief-in-Charge of the company. Since his bid for Twitter, he was having a tussle with the company’s CEO Parag Aggarwal and now Parag has left the company after Alan’s arrival. CFO Ned Segal has also been discharged with him.
According to the American newspaper Washington Post, Twitter’s Chief Executive Officer (CEO) Parag Agarwal and Chief Finance Officer (CFO) Ned Segal have also left the company. Both officers left the company’s headquarters in San Francisco and did not return. Not only this, the head of Legal Policy, Trust and Safety Department Vijay Gadde has also been shown the way out.
Musk had a deadline of October 27 to buy Twitter for $44 billion or face a court trial and opted to buy the company. After the deal was completed, Musk tweeted – Bird Freed. It means that the bird is free.
the bird is freed
— Elon Musk (@elonmusk) October 28, 2022
Offered in April
Musk offered to buy social media company Twitter in April this year. However, after the deal and its price were confirmed, Allen complained about the spam account and told to cancel the deal. The company moved the court against it, where Musk finally approved the deal after an allegation debate and reached Twitter’s headquarters on Thursday.
The court gave Musk the option of completing the deal or facing trial. Musk then changed his mind in October, and he approved the purchase of Twitter for $54.20 per share if the company withdraws its case. However, Twitter’s lawyer at the time said that Musk’s move was to hang the deal and that he was once again misleading. After this, the court said that Musk would have to decide on the deal by October 28 at any cost.
Musk explains the reason for buying Twitter
Elon Musk wrote in a message, “The biggest reason I bought Twitter is to provide a platform for the society of the future, where an issue can be discussed in a civilized manner with more trust and no violence in it.” It is quite dangerous that social media seems to be divided into two parts. Some are talking about the right wing and some are talking about the left wing. It will also work to divide our society.
