Tech

Elon Musk will likely appoint himself temporary Twitter CEO, CNBC reports

Business Insider US
Elon Musk has a new tech platform to control. On Monday, the founder of Tesla, SpaceX, Neuralink, and The Boring Company offered $44 billion to take Twitter private. SOPA Images/Contributor/Getty Images
Elon Musk has a new tech platform to control. On Monday, the founder of Tesla, SpaceX, Neuralink, and The Boring Company offered $44 billion to take Twitter private. SOPA Images/Contributor/Getty Images
  • Elon Musk could become CEO of Twitter, sources told CNBC.
  • The temporary appointment would last "a few months" after the deal, the outlet reported.
  • Musk recently disclosed he had secured $7 billion in equity financing for the $44 billion deal.
  • For more stories go to www.BusinessInsider.co.za.

Elon Musk could appoint himself CEO of Twitter after closing his $44 billion deal to buy the company, CNBC's David Faber reported on Thursday. The temporary arrangement — which CNBC said is "expected" to happen — would last "a few months," sources told the network.

Musk did not immediately respond to Insider's request for comment.

The news follows Musk's disclosure that he has secured a new $7 billion in equity financing for the acquisition, including $1 billion from Oracle co-founder Larry Ellison.

Twitter's current CEO, Parag Agrawal, who has been in the role since November, told staff at an all-hands meeting last week that he had unspecified regrets about his time leading the company.

"I wish we had done better with lots of things," he said. "There are things I disagree with fundamentally. I wanted us together to change those things in the interest of improving, introspecting and making Twitter better for everyone around the world and to have everyone around the world use Twitter and have it be even more impactful."

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