Twitter headquarters in San Francisco.
Photo: constanza hevia/Agence France-Presse/Getty Images Updated October 31, 2022 12:41 p.m. ET
The board that oversaw Twitter Inc. during its tumultuous sale to Elon Musk has been dissolved, with the head of Tesla Inc. TSLA 0.06% now serving as the social media company’s sole director.
Twitter said in a securities filing Monday that the nine members of the former board have ceased to be directors since the consummation of the $44 billion merger, which was finalized last Thursday after six months of hand-wringing over the fate of the deal.
According to the filing, Mr. Musk always intended to assume the position of sole director under the terms of the merger agreement.
The San Francisco-based company’s new owner immediately fired top Twitter executives after the deal was finalized, and hours later tweeted that “the bird is freed,” in an apparent reference to Twitter, which has a blue bird as its logo Has.
This is an evolving story and will be updated.
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