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Elon Musk will be the temporary CEO of Twitter until the acquisition is completed

Elon Musk will be the temporary CEO of Twitter until the acquisition is completed

Elon Musk is expected to serve as Twitter’s temporary CEO for a few months after it completes its $44 billion acquisition. of the company, according to US media.

A filing with the Securities and Exchange Commission (SEC) revealed Thursday that Musk secured approximately $7.14 billion in capital commitments from friends and other investors to buy Twitter.

David Faberfrom CNBCsaid that Musk chose the investors, who range from $1 billion from Oracle co-founder Larry Ellison to $5 million from Honeycomb Asset Management, which invested in SpaceX. Faber claimed that Twitter co-founder, Jack Dorsey, I could back you up.

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The CEO of Twitter, Parag Agrawal, has only been at the helm of the company for a few months. Until now, little has been said about whether Musk’s takeover of the company would lead to a leadership shakeup. Last month, Reuters reported that Musk had prepared a new CEO for Twitterciting a source familiar with the matter.