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Jafrin Ahmed
May 6, 2022
by Jafrin Ahmed

Elon Musk May Become Temporary CEO of Twitter After Takeover: Report

Elon Musk Twitter's CEO
Tesla and SpaceX CEO Elon Musk is expected to become Twitter's temporary CEO after closing his $44 billion takeover of the social media firm.

Tesla Boss Set to Serve as Interim CEO of Twitter

According to a report from CNBC, Elon Musk is set to serve as the interim CEO of Twitter once his $44 billion deal to take over the social media platform is complete.

The temporary arrangement is "expected" to happen and would last "a few months," sources told the media outlet.

Parag Agrawal, who was named Twitter's CEO in November, is expected to remain in his role until the sale of the company to Musk is completed. Meanwhile, reports surfaced last week that Musk had already lined up a new CEO.

Musk Gets Fresh $7B Backings for Twitter Deal

The news follows Musk's disclosure that he has secured a new $7 billion in equity financing for the acquisition, including $500 million from the Binance cryptocurrency exchange.

Other tech heavyweights to participate in the financings include private investment firm Honeycomb Asset Management with $5 million, and Larry Ellison, co-founder of Oracle, with $1 billion.

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Elon Musk May Become Temporary CEO of Twitter After Takeover: Report
Jafrin Ahmed
Jafrin is a cryptocurrency journalist/researcher fascinated by the world of decentralization. She is hopeful towards blockchain’s innovation and its potential to reshape the world for good. Currently, she is bringing out the best of cryptosphere via covering the latest ins and outs of the blockchain space.

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