Elon Musk visits Twitter headquarters ahead of acquisition deadline
Elon Musk walks into Twitter’s desk with a sink in his hands.
Billionaire Elon Musk said he visited Twitter Inc’s San Francisco headquarters on Wednesday, ahead of a court-ordered deadline to close his $44 billion deal for the social media platform.
“Twitter Headquarters Entrance: Let This Settle Down!” The caption read a video Musk tweeted as he walked into Twitter’s office with a container in his hands.
Hours ago, he hinted that he was the head of the company after updating his profile bio to “Chief Twit.”
Twitter confirmed that Musk would visit the San Francisco office this week but declined to comment further.
The Wall Street Journal, citing people familiar with the matter, reported that banks have begun sending $13 billion in cash to back Musk’s acquisition of App, signalling that the deal is on track to close. Weekends.
Once final closing conditions are met, the funds will be available for Musk to implement the deal by Friday’s deadline.
Bank of America and Barclays declined to comment on the report when contacted by Reuters, while Morgan Stanley did not immediately respond to a request for comment.
In the exciting six months since Musk announced his $54.20-per-share offer, App initially resisted the deal by embracing the toxic pill, then sued the world’s richest man after he announced his plans to leave. The program was discontinued due to concerns about spam accounts on the platform.
Earlier this month, Musk suggested going ahead with his original $44 billion offer and called for an end to Twitter’s lawsuit.
The CEO of Tesla Inc has notified participating investors that they have pledged to help finance the Twitter deal that it plans to close on Friday, Reuters reported Tuesday.
Reuters reported that equity investors, including Sequoia Capital, Binance, the Qatar Investment Authority and others, received the necessary paperwork to commit to funding from Musk’s lawyer.
Twitter shares rose 1.1% to $53.91 in extended trading, just below Musk‘s offer price.
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