By our Reporter
Tesla CEO, Elon Musk, has formally acquired Twitter after finalising his $44 billion deal to buy the company.
Musk closed the deal on Thursday night, according to U.S. media and an investor in the firm.
In a tweet on Friday said “the bird is freed”.
Twitter has not yet confirmed the takeover.
Delaware’s court of chancery had given Mr Musk until Friday to close an agreement to acquire the company.
On Wednesday, Mr Musk visited Twitter’s headquarters ahead of his takeover bid.
Mr Musk in a tweet on Wednesday said “Entering Twitter HQ – let that sink in.”
“Meeting a lot of cool people at Twitter today,” the tweet reads.
Musk fires Twitter executives, takes CEO role
Twitter Chief Executive Parag Agrawal and Chief Financial Officer Ned Segal were removed from their posts.
Tesla CEO, Elon Musk fired Twitter’s top executives after acquiring the company.
Mr Musk fired the company’s top executives on Thursday night after finalising his $44 billion deal to buy the company, according to U.S. media and an investor in the firm.
The deal completion comes hours before a deadline set by Delaware’s court of chancery to finalise the deal on Friday.
Late Thursday, Twitter Chief Executive Parag Agrawal, Chief Financial Officer Ned Segal and legal affairs and policy chief Vijaya Gadde were reportedly removed from their posts.
Mr Agrawal and Mr Segal were escorted out of Twitter’s San Francisco headquarters after the deal closed, Reuters reported.
Mr Musk is expected to assume the role of chief executive, though in the longer term may appoint someone else, Bloomberg reported, citing unnamed sources.