Twitter’s Elon Musk has arranged for its new CEO
- ByStartupStory | May 3, 2022
As per a report, Elon Musk the CEO of Tesla has been in talks with the Chairman of Twitter regarding earlier this month about his unlikeness with the San Frasisco’s company management.
The current CEO of Twitter, Parag Agarwal is expected to hold his position until company is traded off to Musk.
Social media is flooded with rumours about the CEO of Twitter who is apparently of Indian origin since Musk proposed the purchase of Twitter.
Agarwal is supposed to receive $42 million if he terminates within 12 months of a change in control at Twitter, according to Equilar.
Musk has been overwhelmed with the offerings of subsequent equity incharges to accompany him in Twitter deal, but he will decide after few weeks if we wants to partner with them or not.
Although it is very uncertain if Musk would like to partner or not with anyone of private equity firm because the deal is not structured as a traditional leverage buyout.
This week Musk revealed that he sold $8.5 billion worth Tesla shares, which is understood as a move to assist his funds for the deal of Twitter. Chief Executive of Tesla recently told the banks that Musk will look for moderation policies within the legal retraints of the area where Twitter functions.
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