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

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.The post Elon Musk May Become Temporary CEO of Twitter After Takeover: Report first appeared on Cryptoknowmics-Crypto News and Media Platform.The post Elon Musk May Become Temporary CEO of Twitter After Takeover: Report appeared first on Cryptoknowmics-Crypto News and Media Platform.