Billionaire Elon Musk mentioned on Wednesday he was coming into Twitter Inc’s San Francisco workplace, days forward of a court-ordered deadline to shut his $44 billion deal for the social media platform.
“Entering Twitter HQ – let that sink in!” mentioned the caption of a video that Musk tweeted wherein he was strolling into the Twitter workplace carrying a sink in his fingers.
Entering Twitter HQ – let that sink in! pic.twitter.com/D68z4K2wq7
— Elon Musk (@elonmusk) October 26, 2022
Hours earlier, he hinted at being the corporate’s prime boss after updating his profile’s bio to “Chief Twit”.
Twitter confirmed Musk would go to the San Francisco workplace this week, however declined to remark additional.
The Wall Street Journal reported, citing folks acquainted with the matter, that banks have began to ship $13 billion in money backing Musk’s takeover of Twitter in an indication that the deal is on monitor to shut by the tip of the week.
Once last closing situations are met, the funds shall be made obtainable for Musk to execute the transaction by the Friday deadline, the report added.
Morgan Stanley, Barclays and Bank of America didn’t reply to Reuters requests for touch upon the WSJ report.
A wonderful factor about Twitter is the way it empowers citizen journalism – individuals are in a position to disseminate information with out an institution bias
— Elon Musk (@elonmusk) October 26, 2022
In the six months of dramatic back-and-forth since Musk introduced his $54.20 per share bid, Twitter initially resisted the deal by adopting a poison capsule and later sued the world’s richest man after he introduced plans to desert the provide on considerations about spam accounts on the platform.
Earlier this month, Musk proposed to proceed together with his authentic $44 billion bid, calling for an finish to the lawsuit by Twitter.
The Tesla Inc CEO notified co-investors who dedicated to assist fund the Twitter deal that he plans to shut it by Friday, Reuters reported on Tuesday.
Equity traders together with Sequoia Capital, Binance, Qatar Investment Authority and others have acquired the requisite paperwork for the financing dedication from Musk’s attorneys, Reuters reported.
Twitter shares have been up about 1.1% at $53.91 in prolonged buying and selling, barely beneath Musk’s provide worth.