elon

Elon Musk’s takeover of Twitter has begun

The agreement would put an end to the months-long court struggle that has enveloped Twitter since Musk originally proposed to purchase the business for $44 billion in April, only to announce a few weeks later that the acquisition was “on pause.” Musk, who refused to conduct due diligence before making his offer, expressed worry about the number of bots and fraudulent accounts on the network. Later, Twitter’s lawyers contended that the bot issue was only a “pretext” for him to back out of the arrangement.

However, completing the deal will not end Twitter’s problems. Musk has dismissed at least four officials, including Vijaya Gadde, Twitter’s senior policy officer, and Sean Edgett, the company’s general counsel, after criticizing the company’s leadership and clashing with Agrawal. According to the New York Times, “at least one” executive was removed out of the company’s headquarters on Thursday. Twitter did not immediately react to a comment request.