Elon Musk is likely to take over as a temporary CEO of Twitter when the $44 billion takeover deal is through, the media reported on Thursday.
According to a media report, Musk has detailed the plans in presentations to possible funders for the takeover.
Twitter CEO Parag Agrawal has been leading the micro-blogging platform since November, after taking over the helm from Jack Dorsey.
CNBC’s David Faber, who first broke the news about Dorsey stepping down as Twitter CEO, has now claimed that Musk will be the temporary CEO at the company for a few months.
A fresh US SEC filing on Thursday also revealed that Musk has secured nearly $7.14 billion in equity commitments from friends and other investors to acquire Twitter.
Musk received $1 billion from Oracle co-founder Larry Ellison and $5 million from Honeycomb Asset Management, which invested in his SpaceX company, the report mentioned.