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Musk's Twitter Takeover

Elon Musk last night closed his $44B deal to buy Twitter at $54.20 per share, averting a trial in November and capping off monthslong speculation of whether the billionaire entrepreneur would abandon the acquisition. Musk, 51, also reportedly fired the company's top executives, including CEO Parag Agrawal, Chief Financial Officer Ned Segal, and general counsel Vijaya Gadde.

The CEO of SpaceX and Tesla, who previously criticized Twitter for restricting free speech, outlined his motivations for buying the company in a message (see here) addressed to advertisers and posted to the social platform earlier yesterday. On Wednesday, Musk visited Twitter's headquarters in San Francisco, carrying a white basin and later tweeting, "Entering Twitter HQ—let that sink in!" He also changed his Twitter profile description to "Chief Twit."

Musk has said he plans to introduce new features to Twitter. See his proposed changes here.

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