Tesla CEO Musk completes $44 billion acquisition of Twitter, and a number of executives are fired

CTOnews.com, Oct. 28-Tesla CEO Elon Musk (Elon Musk) has completed a deal to privatize Twitter for $44 billion (about 317.68 billion yuan), according to CNBC and the Washington Post.

Musk first fired several Twitter executives, according to three people familiar with the matter. One of them confirmed that the deal had been completed. Parag Agrawal, chief executive of Twitter, Ned Segal, chief financial officer, and Vijaya Gadde, head of legal policy, trust and security, were all fired, and three Twitter executives were rushed out of the building.

Sean Edgett, general counsel of Twitter, was also fired, a person familiar with the matter said. Mr Musk had previously publicly criticised Twitter's outgoing management in terms of product decisions and content reviews.

CTOnews.com learned that in April, Musk offered to buy Twitter for $54.20 a share. On Oct. 27, the bank began issuing $13 billion (93.34 billion yuan) to support Musk's acquisition of Twitter.

Trading in Twitter shares will be suspended on Friday, local time, as Musk faces a court-imposed deadline to complete the $44 billion acquisition of Twitter on October 28, according to the New York Stock Exchange website on October 27.