Jack Dorsey will remain Twitter’s CEO, following an attempt to oust him.
The company struck a deal with activist investors at Elliott Management and Silver Lake.
As part of that deal, Silver Lake will make a $1 billion investment in Twitter. Twitter's board has also authorized a $2 billion stock repurchase program.
The money comes with strings attached: Egon Durban, co-CEO and managing partner of Silver Lake, and Jesse Cohn, a partner at Elliott, will join Twitter's board.