Elon Musk completes $44bn Twitter takeover

The world’s richest man, Elon Musk, has completed his $44bn (£38.1bn) takeover of Twitter, according to an investor in the firm.

A number of top executives, including the boss, Parag Agrawal, have reportedly been fired.

It brings to a close a saga that saw Twitter go to court to hold the billionaire to the terms of a takeover deal that he had tried to escape.

Mr Musk tweeted that his interest in the firm was not about making money.

Twitter investor Ross Gerber, who is chief executive of Gerber Kawasaki Investments in California, confirmed to the BBC that the deal had been completed.

“I think the court pushed him over the line,” said Mr Gerber. “Quite frankly, this has sort of been a disaster from the beginning, of course, starting off very aggressively courting Twitter in a way that really forced Twitter to the table… then getting all upset and having a public spat over what to me was pretty well known issues.”

The company’s chief executive, Mr Agrawal, chief financial officer…

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This article was written by and originally published on www.bbc.co.uk