San Francisco : World’s richest man and business magnate Elon Musk has posted a cryptic tweet after reports claiming his takeover of micro-blogging site Twitter surfaced Friday.
Musk, who is the CEO of American automotive and clean energy company Tesla, tweeted, “the bird is freed.”
Reports have also claimed Musk has fired Twitter CEO Parag Agrawal and other top executives after taking over the social media giant.
Though the takeover is yet to be confirmed by Twitter, several media reports claim the $44 billion deal has been closed.
In a securities filing on Apr 14, Musk, who was critical of Twitter’s moderation policies, had said he did not have confidence in the site’s management.
He had even initially vowed to sack 75 percent of the workforce when he formally bought the tech giant.
According to an earlier report in The Daily Mail, Agrawal, who has repeatedly clashed with Musk over the number of users Twitter has, will walk away from his job with $42 million, after being chief executive officer for just under a year.
His total compensation for 2021 was $30.4 million – largely in stock awards – after he was handed the top position following Jack Dorsey’s resignation last November.
Elon Musk had promised to close the Twitter buyout deal by Friday over a video conference with lenders funding the acquisition, media reports said.
Bloomberg earlier reported citing people aware of the matter that banks giving Musk $ 13 billion in debt finance for the deal, have finished putting together the final credit agreement, and are in the process of signing the documentation, which is the last phase of the procedure before transferring the money to him.
