Elon Musk now owns Twitter Inc., according to various media sites Thursday night, after the long-awaited deal was completed.
According to unidentified sources, the senior executives of Twitter TWTR, +0.66% were sacked and removed from the building, including Chief Executive Parag Agrawal, Chief Financial Officer Ned Segal, and Vijaya Gadde, head of legal policy, trust, and safety.
Musk is poised to take over as interim CEO, though he may appoint someone else in the long run, Bloomberg reported early Friday, citing unnamed sources. Twitter did not respond to a request for comment from Bloomberg.
Musk, the billionaire CEO of Tesla Inc. TSLA, +0.20% and SpaceX, and a frequent Twitter user, offered to buy Twitter in April. Musk sought to back out of the transaction after striking an agreement with Twitter's board to buy the social media business for $44 billion, and Twitter sued him. He had till Friday to execute the arrangement or face prosecution.
Musk just announced "the bird is liberated" in a tweet late Thursday night.
Musk hinted to a deal on Thursday morning when he tweeted a message intended at comforting advertisers, some of whom may be concerned about his plans for content filtering. Musk has stated that one of his motivations for purchasing the site is related to censorship accusations, mostly from those who have been banned for violating Twitter's terms of service.
"Obviously, Twitter cannot become a free-for-all hellscape where anything may be uttered without consequence!" Musk stated this in a statement to advertisers on Thursday.
Late Thursday, Twitter did not immediately respond to a request for comment.
Twitter shares have risen 26% in the last month, closing Thursday at $53.70, close to Musk's agreed-upon share price of $54.20 in April.
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