15 January, 2026, 2:35 pm Central - 27°C Rain

Elon Musk completes US$44billion Twitter takeover

Elon Musk completes US$44billion Twitter takeover

By Rashika Kumar
28/10/2022
Elon Musk (Photo illustration by Salon/Getty Images)

Elon Musk has completed his US$44 billion takeover of Twitter, according to a number of media reports and an investor in the firm.

Twitter's Chief Executive and finance boss have reportedly left with immediate effect.

It brings to a close a saga that saw Twitter going to court to hold Musk to the terms of a takeover deal that he had tried to escape.

Musk tweeted his interest in the platform was not about making money.

Twitter's Chief Executive, Parag Agrawal, and Chief Financial Officer, Ned Segal are no longer with the company, according to US media reports.

The social media platform's shares will be suspended from trading today according to the New York Stock Exchange's website.

Musk says he bought it to help humanity and wanted "civilization to have a common digital town square".

Earlier this week Musk tweeted a video of himself walking into Twitter's headquarters in San Francisco carrying a kitchen sink with the caption: "let that sink in!"

He also changed his Twitter profile to read "Chief Twit".

Source: BBC

FEATURE NEWS
Aisea Toribau rebuilds his life after prison through the support and love of his mum and dad
A single mistake does not have to define a lifetime, a message powerfully reflected in the story of Aisea Toribau, a young Fijian who has rebuilt his ...
2 hours ago
LATEST NEWS
Fiji and India strengthen ties through trade, IT and support for farmers
India is deepening its engagement with Fiji across key areas such as trade, investment, information technology and agriculture, with a strong focus ...
39 minutes ago

Govt condemns Kulukulu Ram Mandir alleged sacrilege
As police investigate an alleged case of vandalism and sacrilege at the Kulukulu Ram Mandir in Sigatoka, calls are being made to ...
51 minutes ago

Flood and Heavy Rain Warnings remain in place for Fiji
A Flood Warning remains in force for all low lying flood prone areas adjacent to and downstream of Wailevu River in Macuata, while a Flash Flood ...
3 hours ago

New vehicle from Kontiki Finance to strengthen Fiji Cancer Society’s community outreach
Kontiki Finance has continued its long-standing partnership with the Fiji Cancer Society by donating a fully maintained vehicle to support the ...
4 hours ago

Lateef bailed for $500 by Suva Court
Suva lawyer, Shazran Abdul Lateef has been released on a $500 bail and will front the court again on February 17th.Lateef is charged with possession ...
4 hours ago



Stay tuned for the latest news on our radio stations

CFL radio frequencies
IN DEPTH
Electricity tariff increase for users consuming more than 100 units
There is an increase in the electricity tariff rate for consumers using more than 100 units from 1 January next year.Fijian Competition and Consumer ...
13 days ago

Fiji needs to act on human trafficking indicators associated with Grace Road Group
The United States remains deeply concerned about indicators of trans-national organised crime and human trafficking in Fiji associated with the Grace ...
24 days ago

Cheap seed oils are not good for our health - O'Neill
With over 80 percent of deaths in Fiji caused by cardiovascular disease based on the 2011 report, naturopath and nutritionist Barbara O’Neill is ...
24 days ago

TOP