The saga has come to an end, and it is clear that Musk is the owner of the social network.
CNBC reported that the deal was closed Thursday night. The Washington Post is reporting that the CEO, CFO, and head of legal, policy, and safety have been fired. Representatives for Musk did not reply to a request for comment.
The drama began when Musk bought a 9.2% stake in the company. He was offered a seat on the board. After taking a seat on the board, Musk made an offer to buy the entire company. Musk tried to back out of the deal by saying that there were more bot than it let on. The lawsuit was filed to force Musk to either go through with the purchase or pay the $1 billion break-up fee. The parties were able to come to an agreement before having to appear in Delaware chancery court, but not before a set of Musk's texts with Agrawal and other influential people were released as part of the lawsuit. The new boss has not been well received by the employees. After it was reported that Musk planned to fire up to 75% of the workforce, employees wrote an open letter demanding fair treatment. The father of at least eight went to the San Francisco office with a porcelain sink. Let that sink in as you enter the headquarters of the micro-messaging service. Musk sent a message.
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