Elon Musk is now in charge of Twitter and has fired its top three executives
Early on Friday morning UK-time, sources would not say if all the paperwork for the deal - originally valued at 44 billion dollars - had been signed or if it had been closed.
However they said the South Africa-born entrepreneur was in charge of the firm and had dismissed chief executive Parag Agrawal, chief financial officer Ned Segal and general counsel Vijaya Gadde. The billionaire appeared to confirm media reports of his takeover, tweeting shortly before 5am on Friday: "the bird is freed".
A US court gave Mr Musk until Friday to close his April agreement to acquire the company after he tried to back out of the deal, leading to a lawsuit from Twitter to push through the acquisition. On Thursday, Mr Musk posted a statement aimed at Twitter's advertisers where he said he was acquiring the platform because he believed it was important to have a space where "a wide range of beliefs can be debated in a healthy manner".
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