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| Let that Sink In |
Elon Musk finally completed his $44 billion Twitter takeover deal, firing the company’s CEO and financial chief and ending a lengthy tug-of-war with its board of directors just before a key deadline, according to a source close to the situation.
Musk took the struggling social network private late Thursday, ousting Chief Executive Parag Agrawal and Chief Financial Officer Ned Segal, according to the source, who spoke on condition of anonymity.
Bloomberg News reported early Friday that Musk plans to take over as Twitter’s CEO — at least on an interim basis.
It wasn’t immediately clear who would replace Segal as CFO.
Agrawal and Segal were in Twitter’s San Francisco headquarters when the deal closed and were escorted out, sources said. Musk had accused them of misleading him and Twitter investors over the number of fake accounts on the social media platform.
Musk also fired Vijaya Gadde, Twitter’s top legal and policy executive, and Sean Edgett, general counsel, according to the Wall Street Journal.







