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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.

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