Elon Musk Will Be Temporary Twitter CEO Once Deal Closes, Report Says


Elon Musk is predicted to step into the placement of transient CEO for Twitter as soon as his $44 billion deal to shop for the social community is finished, reported CNBC’s David Faber on Thursday, mentioning unnamed assets. He’ll reportedly lead the corporate for a “few months.”

While elevating finances for his takeover bid, Musk informed banks he has a new CEO coated up for Twitter, in line with Reuters, which did not record who would take at the position. Parag Agrawal, who took over from co-founder Jack Dorsey in November, is predicted to stick as CEO till the sale is finished. 

Twitter shareholders nonetheless want to approve the deal, which is not anticipated to near for roughly six months.

submitting with america Securities and Exchange Commission on Thursday printed that Musk has coated up $7 billion in new financing commitments from a gaggle of nineteen buyers, together with Oracle co-founder Larry Ellison, Prince al-Waleed bin Talal of Saudi Arabia and cryptocurrency trade Binance. The new investment makes the deal much less dangerous for Musk in addition to his lenders, in line with Bloomberg

Musk, who runs Tesla, SpaceX and different corporations, made an unsolicited be offering to takeover Twitter final month and plans to take the corporate non-public. Musk has indicated he needs looser content material moderation for the platform and has recommended some teams, reminiscent of governments and companies, might be charged a price to make use of Twitter. 

Twitter did not in an instant reply to a request for remark. 


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