Elon Musk has closed his $44bn deal for Twitter, according to three people familiar with the matter, bringing an end to the one of the most high-profile and dramatic buyout sagas in recent memory after months of legal wrangling between the world’s richest man and the social media platform he bought.
Twitter’s chief executive, Parag Agrawal, and chief financial officer Ned Segal are no longer with the company, two of the people said, as billionaire entrepreneur Musk now takes the reins.
Twitter shares will be suspended from trading on the NYSE on Friday, according to the stock exchange’s website.
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