U.S. billionaire Elon Musk has officially taken control of Twitter and has dismissed its managers, as reported by American media on Thursday, 27 October.
Musk fired Twitter’s CEO Parag Agrawal and the company’s Chief Financial Officer and its Head of Legal Policy, Trust and Safety, as Washington Post and CNBC reported with reference to anonymous sources.
Agrawal did turn to a court of law to have Musk uphold the conditions of the Twitter purchase deal.
The takeover of Twitter was reported a couple of hours before the term set by the court for Musk to complete the deal, which is worth USD 44 billion.
On Thursday, 27 October, Musk announced he purchased Twitter to promote healthy debates about a wide range of ideas and oppose the trend of social media splitting into political «echo chambers».
The purchase was done «because it is important to the future civilization to have a common digital town square, where a wide range of beliefs can be debated in a healthy matter, without resorting to violence,» Musk wrote on Twitter.
Musk signed the USD 44 billion worth Twitter deal in April. In July he said he refuses the deal, and accused Twitter of misleading information regarding the number of fake accounts on this platform.
At the beginning of October, Musk said he is prepared to continue the Twitter deal and sent a letter to Twitter with an offer to finish it.
This week Musk signaled the deal is close to completion. He changed his Twitter profile to «Chief Twit». He also published a video of his arrival at Twitter Headquarters in California.