×
App Icon
The Standard e-Paper
Home To Bold Columnists
★★★★ - on Play Store
Download Now

Elon Musk in control of Twitter, ousts top executives

'Tesla owner Elon Musk is the world's richest man.' [Picture, AP]

Elon Musk has taken control of Twitter and ousted the CEO, chief financial officer and the company's top lawyer, two people familiar with the deal said Thursday night.

The people wouldn't say if all the paperwork for the deal, originally valued at Sh5.3 trillion, had been signed or if the deal has closed. But they said Musk is in charge of the social media platform and has fired CEO Parag Agrawal, CFO Ned Segal and Chief Legal Counsel Vijaya Gadde. Neither person wanted to be identified because of the sensitive nature of the deal.

Get Full Access for Ksh299/Week
Uncover the stories others won’t tell. Subscribe now for exclusive access
  • Unlimited access to all premium content
  • Uninterrupted ad-free browsing experience
  • Mobile-optimized reading experience
  • Weekly Newsletters
  • MPesa, Airtel Money and Cards accepted
Already a subscriber? Log in