Deal Sealed : Elon Musk Ends Suspense, Takes Charge Of Twitter ; CEO Parag Agrawal Among Others Sacked

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“The bird is freed,” billionaire Elon Musk tweeted  after completing the whopping $44 billion takeover of Twitter and firing the social media giant’s four top executives, including CEO Parag Agrawal and legal executive Vijaya Gadde.

The New York Times said that Musk, the world’s richest man, closed the deal to buy Twitter on Thursday. “The bird is freed,” Musk, 51, tweeted after closing the deal.

Vijaya Gadde, the head of legal policy, trust, and safety was also fired, as per media reports.

In April, Twitter accepted Musk’s proposal to buy and take the social media service private. However, Musk soon began sowing doubt about his intentions to follow through with the agreement, alleging that the company failed to adequately disclose the number of spam and fake accounts on the service.

Earlier when Musk said he was terminating the deal, Twitter sued the billionaire, alleging he “refuses to honour his obligations to Twitter and its stockholders because the deal he signed no longer serves his personal interests,” however, he later decided to pursue his acquisition of Twitter at the original price of USD 54.20 a share, reported CNBC.