After months of discussions and litigation, Elon Musk, the owner of the “Tesla” electric car firm and the SpaceX satellite rocket company, closed the transaction on Twitter two days ago for $ 44 billion.
Mask fired a number of officials on the first day of his tenure at the micro-blogging platform, including the CEO Parag Agrouwal, the financial director Nid Siggal, and the head of legal affairs and policy Vijaya Jadi.
The three executives will leave “Twitter” with sums totaling around $ 187 million, according to a report on Saturday from the American “CNN” network.
She noted that even if they remain under the new administration, they will receive a sizable portion of this money.
After Musk purchased their shares for $ 54.20 a share, he will distribute batches of stock to these and other shareholders.
The smallest ownership stake belongs to Agawwal, who became CEO less than a year ago, and is estimated to be around 155 thousand shares, or 8.4 million dollars, based on the price Musk paid for them. Sinal Seagal received 22 million dollars in exchange for his 406 thousand share ownership, and Jadi received $34 million for her 642 thousand share ownership.
They will also receive “compensation for the golden umbrella,” which totals 121 million dollars and was approved by the shareholders in the purchase agreement, as well as 73 thousand dollars per person per year in health insurance, bringing the total amount of money they will receive to 187 million dollars.
Ads ceased
The largest car firm in America abruptly ceased paying for ads on “Twitter” shortly after the sale was announced, according to a separate story from the British “Sky News” network related to the acquisition on Twitter.
After the significant change that occurred to the media platform, it described “General Motors” firm as saying that it temporarily discontinued the paid advertisements on the microblogging platform, considering the matter to be a “typical course for the company.”
She stressed that the customer support division will continue to operate on the platform and said, “I was active with Twitter” to understand her direction under the new owner.
90% of Twitter usage in the second quarter of this year was due to advertising sales.
Several advertising agencies and brands have expressed doubts about the future of “Twitter” last May, when the deal was in its beginnings..
Twitter at the time of a mask .. ads and millions of departed workers
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