New York, Europe Brief News – After acquiring Twitter for $44 billion (€44.4 billion), Elon Musk dissolved the company’s board and pronounced himself in charge of the social media giant.
In a filing with the US Securities and Exchange Commission (SEC), Musk stated that he will serve as chief executive of Twitter.
Elon Musk stated in the documents that the “consummation of the merger” occurred on October 27, after which he “became the sole director of Twitter.”
Late last week, Musk fired the previous Twitter CEO, Parag Agrawal, and other top company officials. They were promptly escorted out of Twitter headquarters by company security following Musk’s decision.
In his SEC filing taking the company private after nearly a decade of being publicly traded on the New York Stock Exchange (NYSE), Musk noted the ouster of Bret Taylor, Parag Agrawal, Omid Kordestani, David Rosenblatt, Martha Lane Fox, Patrick Pichette, Egon Durban, Fei-Fei Li and Mimi Alemayehou from the company board.
Without giving details, though, Musk said in a tweet that the board was being dissolved only temporarily.
The takeover of Twitter by Musk, who also owns SpaceX and Tesla, took months of negotiations before he finally closed the deal on Thursday.
Musk, who describes himself as a “free speech absolutist”, has criticised Twitter’s moderation policies and objected to censorship that goes beyond the requirements of the law. In May, Musk said he would reinstate former US President Donald Trump’s Twitter account, which was removed for allegedly inciting violence.
