Elon Musk Twitter Deal Closes, Top Executives Fired - Elon Musk's acquisition of Twitter has finally been closed, lawyers and partner banks of two sides are rushing to complete the process.

    Billionaire Elon Musk and Twitter have finally closed a $44 billion deal. Shortly after taking over as temporary CEO of Twitter, Elon Musk fired top executives from the company. The four Twitter executives fired include Parag Agrawal – Twitter’s CEO, Ned Segal – Chief Financial Officer, Vijaya Gadde – Director of Legal and Policy, and Sean Edgett – General Counsel, according to two anonymous sources. Sources say at least one of the four executives was escorted out of the Twitter office.

    Investors who contributed money to Elon Musk buying Twitter are Sequoia Capital, Binance, Qatar Investment Authority, and others have received the requisite paperwork for the financing commitment from Musk’s lawyers. The largest crypto exchange, Binance, committed $500m in financing to help Elon Musk buy Twitter.

    “We’re excited to be able to help Elon realize a new vision for Twitter. We aim to play a role in bringing social media and Web3 together in order to broaden the use and adoption of crypto and blockchain technology”, said CEO Binance Changpeng Zhao.

    Twitter’s shares have been steadily rising over the past few days, to $53.7 – only slightly lower than Musk’s proposed price of $54.2. However, Twitter will soon be delisted from the New York Stock Change and its shares will no longer trade on public markets as of Nov 8. 

    Dogecoin (DOGE), the meme coin supported by Elon Musk also rallied thanks to the news but now it is stuck and rejecting higher pricing.

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