Elon Musk Expected To Close Twitter Deal By Friday: Report
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Twitter vs Elon Musk: Elon Musk pledged to close the deal on a video conference call on Monday with bankers who are helping fund the deal, according to the report.
Elon Musk has notified co-investors who committed to help fund his $44 billion acquisition of Twitter Inc that he plans to close his buyout of the social media firm by Friday, according to a person familiar with the matter.
Equity investors, including Sequoia Capital, Binance, Qatar Investment Authority and others have received the requisite paperwork for the financing commitment from Musk's lawyers, the source added.
The move is the clearest sign yet that Musk plans to comply with a Delaware court judge's deadline to complete the transaction by Friday.
The banks that committed to fund Musk's buyout of Twitter have finished putting together the final debt financing agreement and are in the process of signing the necessary documents, according to a Bloomberg News report.
