
SAN FRANCISCO, United States (AFP) — Elon Musk has hit the ground sprinting after his Twitter takeover, seeking major changes to the platform only days after finalizing his controversial $44 billion purchase.
Documents filed Monday with the United States Securities and Exchange Commission showed that Musk has become Twitter's sole director after finalizing the deal last week and dissolving its corporate board.
The documents state that the "consummation of the Merger" occurred on 27 October, at which point "Mr. Musk became the sole director of Twitter," while the entire board, including CEO Parag Agrawal, were let go.
Musk made his initial buyout offer in April, When the unpredictable billionaire tried to walk away from the deal, Twitter sued Musk in a Delaware court.
But with a trial date looming, Musk revived the deal in early October, ultimately sealing the takeover at $54.20 per share last week.
After changing his Twitter bio to "Chief Twit," Musk reportedly worked over the weekend with software engineers from Tesla to look under the hood of the one-to-many messaging platform, and on planning massive layoffs.