China News Agency, San Francisco, October 28 (Reporter Liu Guanguan) According to US media reports, Tesla CEO Elon Musk completed the acquisition of Twitter on the 27th local time and fired several executives .
On the 28th, Twitter suspended trading on the New York Stock Exchange.
On October 28, local time, pedestrians passed near the Twitter headquarters building in San Francisco, California, USA.
According to US media reports, Tesla CEO Elon Musk completed the acquisition of Twitter on the 27th and fired several executives.
On the 28th, Twitter suspended trading on the New York Stock Exchange.
Photo by China News Agency reporter Liu Guanguan
US media quoted sources as saying that on the 27th local time, Musk completed the acquisition of Twitter for $44 billion, thereby gaining control of the company.
That morning, Musk reposted an image on Twitter showing him talking to many of the company’s employees at a coffee shop at Twitter’s headquarters in San Francisco.
On October 28, local time, pedestrians passed near the Twitter headquarters building in San Francisco, California, USA.
According to US media reports, Tesla CEO Elon Musk completed the acquisition of Twitter on the 27th and fired several executives.
On the 28th, Twitter suspended trading on the New York Stock Exchange.
Photo by China News Agency reporter Liu Guanguan
A day earlier, Musk posted a video on Twitter showing him carrying a sink into Twitter’s headquarters with the text “let that sink in” to express “precipitate your thoughts and think about it”.
Previously, Musk's profile on Twitter was also updated to "Twitter Head".
According to US media reports, after the transaction was completed, Musk immediately fired Twitter CEO Parag Agrawal, CFO Ned Siegel, legal affairs and policy director Vijaya Gard and chief executive officer Legal Counsel Sean Edgett.
Agrawal and Siegel were “sent” from Twitter’s headquarters building as soon as the deal was completed, the people said.
On the 28th, Twitter suspended trading on the New York Stock Exchange.
The New York Times reported that the company will officially delist from November 8.
With the closing of the deal, Twitter's board of directors will be dissolved.
Musk is likely to appoint a new board of friends and investors who helped him complete the acquisition, and the new members will develop plans for Twitter as a private company.
In addition, Musk announced on Twitter on the 28th that the company will form a content moderation committee with widely divergent views.
Twitter will not make major content decisions or reinstate closed accounts until the committee discusses it.
Twitter currently has about 7,500 employees, and Musk's plans to buy the company have unnerved some of them for months.
At noon on the 28th, the reporter saw near the Twitter headquarters building that reporters from more than a dozen media gathered in the area where Twitter employees often pass by, hoping to interview and photograph the Twitter employees who showed signs of leaving, but there were no Twitter employees within a few hours. The people the reporters were expecting showed up.
Musk's acquisition of Twitter has been a bumpy ride.
Twitter announced on April 25 this year that the company had agreed to Musk’s acquisition agreement.
The latter will buy Twitter for $54.2 per share, or about $44 billion in total.
On July 8, Musk said that the acquisition plan will be terminated because Twitter violated many terms in the acquisition agreement.
Twitter took Musk to court on July 12, and the Delaware Chancery Court had planned to begin hearing the case on October 17.
On October 3, Musk said in a letter to Twitter that he planned to acquire Twitter at the original offer of the previous agreement, provided that the court stopped Twitter’s proceedings against Musk.
On October 6, the Delaware Court of Chancery judge announced that the trial of the case was suspended and asked Musk to complete the acquisition transaction before 17:00 on October 28, otherwise the trial process will be restarted in November.
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