Musk takes control of Twitter, fires top executives

Elon Musk wasted no time taking complete control of Twitter Inc after closing the $44-billion acquisition of one of the world’s most influential social media platforms. Shareholders will be paid $54.20 per share, and Twitter will now operate as a private company. The completion caps a convoluted saga that began in January with the billionaire’s quiet accumulation of a major stake in the company, his growing exasperation with how it’s run and an eventual merger accord that he later spent months trying to unravel.

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