The most wealthy person in the world, Elon Musk, has concluded a deal to buy Twitter, one of the most important social media platforms.

The $44 billion sale was finalized on October 27, 2022, and according to people familiar with the transaction, the platform will be controlled privately by the billionaire.

Prior to the agreement, Musk and Twitter officials were in court because Musk had initially agreed to buy the platform in April of this year but had subsequently backed out over worries about the amount of bots and charges made by a whistleblower.

The billionaire, who also owns electric car manufacturing company, Tesla has now fired Twitter Chief Executive Officer, Parag Agrawal, Chief Financial Officer, Ned Segal and Head of Policy, Vijaya Gadde.

The move is expected to further send shockwaves within the company which already has many of its staff in limbo over their future.

According to a Bloomberg report on October 28, Elon Musk is expected to take over the company as CEO and reverse lifetime bans on users who had violated the platform’s policies.

This could include former US president, Donald Trump while Musk believes Twitter’s practice of permanent bans is wrong.

Meanwhile, the fate of employees located in Twitter’s offices in key parts of Africa is yet to be known.

The company, about a year ago decided to expand its reach within Africa under its former executives and founder, Jack Dorsey.