
Elon Musk visits Twitter headquarters ahead of takeover deadline
The Hindu
Hours earlier, he hinted at being the company's top boss after updating his profile's bio to "Chief Twit"
Billionaire Elon Musk said he paid a visit to Twitter Inc's headquarters in San Francisco on Wednesday, ahead of a court-ordered deadline to close his $44 billion deal for the social media platform.
"Entering Twitter HQ – let that sink in!" said the caption of a video that Mr. Musk tweeted in which he was walking into the Twitter office carrying a sink in his hands.
Hours earlier, he hinted at being the company's top boss after updating his profile's bio to "Chief Twit".
Twitter confirmed Mr. Musk would visit the San Francisco office this week, but declined to comment further.
Banks have started to send $13 billion in cash backing Mr. Musk's takeover of Twitter in a sign that the deal is on track to close by the end of the week, the Wall Street Journal reported, citing people familiar with the matter.
Once final closing conditions are met, the funds will be made available for Mr. Musk to execute the transaction by the Friday deadline, the report added.
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.

Insurance penetration and density are often misunderstood and do not reveal how many families are insured or whether they would be financially secure if the main earning member were to die. The real issue is not reach but adequacy, as households may have life insurance but not enough cover to replace lost income, leaving them financially vulnerable.












