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Elon Musk To Serve as Temporary Twitter CEO After Closing Deal, Reports Indicate
Elon Musk To Serve as Temporary Twitter CEO After Closing Deal, Reports Indicate
Sputnik International
The eccentric billionaire announced he struck a deal for the acquisition the social network last month, getting Twitter for $44 billion. 05.05.2022, Sputnik International
2022-05-05T13:20+0000
2022-05-05T13:20+0000
2023-04-14T12:56+0000
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Tesla CEO Musk is expected to serve as Twitter's temporary CEO after the completion of the deal taking over the platform, CNBC reported quoting sources.On 25 April, Twitter announced it had agreed "to be acquired by an entity wholly owned by Elon Musk for $54.20 per share in cash," which summed $44 billion for the entire social network.Musk, who is a well-known proponent of free speech, Twitter's current regulations are smothering, so he suggested a series of changes to relax the restrictions.According to an SEC filing, Musk secured approximately $7.14 billion in equity commitments from friends and other investors to buy Twitter. Reports suggest that the billionaire had lined up a new CEO for Twitter to take over from Parag Agrawal, who has been heading the network since November after the resignation of co-founder Jack Dorsey. However, this information is yet to be confirmed.
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Elon Musk To Serve as Temporary Twitter CEO After Closing Deal, Reports Indicate
13:20 GMT 05.05.2022 (Updated: 12:56 GMT 14.04.2023) The eccentric billionaire announced he struck a deal for the acquisition the social network last month, getting Twitter for $44 billion.
Tesla CEO Musk is expected to serve as Twitter's temporary CEO after the completion of the deal taking over the platform, CNBC reported quoting sources.
On 25 April, Twitter announced it had agreed "to be acquired by an entity wholly owned by Elon Musk for $54.20 per share in cash," which summed $44 billion for the entire social network.
Musk, who is a well-known proponent of
free speech, Twitter's current regulations are smothering, so he suggested a series of changes to relax the restrictions.
According to an SEC filing, Musk secured approximately
$7.14 billion in equity commitments from friends and other investors to buy Twitter. Reports suggest that the billionaire had lined up a new CEO for Twitter to take over from Parag Agrawal, who has been heading the network since November after the resignation of co-founder Jack Dorsey. However, this information is yet to be confirmed.
