Elon Musk closes $44 billion Twitter acquisition Tech News, according to US media reports

According to US media reports, Elon Musk (Elon Musk) has completed the $44 billion acquisition of Twitter after months of transactions.

His first step was to fire the top leadership of the social media company, which he accused of misleading him about the number of spam accounts on the platform.

Musk fires CEO Parag Agrawal, CFO Ned Siegel and head of legal affairs and policy
According to reports, Vijayagad.

Agrawal and Siegel were allegedly at Twitter’s San Francisco headquarters when the deal closed and were escorted out of the building.

After the social media company, the founders of Tesla and SpaceX were given an Oct. 28 deadline to close the deal to avoid trial. sue him trying to tear up His initial offer in April.

Musk and Twitter Originally due to appear in court on October 17, but after the world’s richest man said he would Complete the purchase after all.

The Oct. 28 deadline was to give Musk time to fund the deal. If not met, a judge in Delaware (the U.S. state where Twitter is based) will schedule a trial in November.

It ended a months-long feud between the two parties over the acquisition, Musk complains about fake accounts on platform and whistleblower claims Twitter misled regulators Regarding security risks.

It also emerged earlier this month that Musk is Federal authorities investigate its conduct.

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