Elon Musk has Officially completed US$44 billion deal to acquire Twitter and take it private.
The world’s richest man has already begun putting his imprint on the social network by firing four of its top executives.
Twitter’s stock will be delisted from the New York Stock Exchange on November 8, according to a new filing with the U.S. Securities and Exchange Commission. This comes a day after Elon Musk completed the company’s takeover after a lengthy ordeal. Incidentally, the delisting is taking place on the same date as the U.S. midterm elections.
“The New York Stock Exchange hereby notifies the SEC of its intention to remove the entire class of the stated securities from listing and registration on the Exchange at the opening of business on November 08, 2022, pursuant to the provisions of Rule 12d2-2 (a),” the filing reads.
It also indicated that the merger between Twitter and Musk’s subsidiary X Holdings II, Inc. was complete. Musk’s X Holdings I, Inc. will now own all the stock of the social network.