Musk Completes Twitter Takeover

Nearly six months and $44 billion later Elon Musk has complete control over Twitter. The board of directors that oversaw the merger has all been dissolved leaving Elon Musk as the sole director of the company.

It was speculated that Musk would dissolve the previous board of 9 directors as according to the filing this was part of the merger agreement.

Not only did Musk dissolve the board of directors but immediately after taking control of the company he fired Twitter’s top executives tweeting that “the bird is freed”, most likely referring to Twitter’s logo which is a little blue bird.

Source: Bloomberg