Elon Musk’s Twitter acquisition is finally confirmed

Over the last couple of months, the news regarding Twitter being bought up by known billionaire Elon Musk has been on and off. However, it seems like the massive multi billion dollar deal has finally been confirmed.

For those unaware, Musk had first announced the 44 billion US Dollars acquisition deal earlier this year. However, the CEO of SpaceX and Tesla had soon backed out of the deal owing to complications related to transparency in business operations. This then led to lawsuits being filed against the billionaire. But recently, it seemed that things finally worked out and the deal was back on track. Now, Elon Musk has officially confirmed this deal.

But according to a Bloomberg report, CEO Parag Agrawal, CFO Ned Segal, Policy Chief Vijaya Gadde and General Counsel Sean Edgett were some of the executives that were laid off following this acquisition. Furthermore, Edgett was reportedly escorted from Twitter’s head office. In other words, it might seem that Musk still has friction over the legal actions that were tanked against him months prior.

Musk even took to Twitter to officially confirm this announcement with a short video of him entering the Twitter headquarters. He stated that “The reason I acquired Twitter is because it is important to the future of civilization to have a common digital town square, where a wide range of beliefs can be debated in a healthy manner, without resorting to violence. There is currently great danger that social media will splinter into far right and far left wing echo chambers that generate more hate and divide our society.”


Via: gizmochina.com

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