Elon Musk visits Twitter headquarters ahead of takeover deadline
“Into Twitter HQ – let that sink in!” The video’s caption says Musk tweeted in which he was walking into the Twitter office with a sink in hand.
Enter Twitter HQ – let that sink in! https://t.co/D68z4K2wq7
– Elon Musk (@elonmusk) 1666809958000
Hours earlier, he hinted at becoming the company’s top boss after updating his profile bio to “Chief Twit“.
Twitter confirmed Musk would visit the San Francisco office this week, but declined to comment further.
Banks have begun depositing $13 billion in cash backing Musk’s takeover of Twitter in a sign that the deal is coming to an end by the end of the week, the Wall Street Journal reported, citing the Wall Street Journal, the Wall Street Journal reported. from people familiar with the matter.
Once the final closing conditions are met, funds will be made available to Musk to execute the trade by Friday’s 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.
In the dramatic back-and-forth six months since Musk announced his $54.20-per-share bid, Twitter initially fought the deal by applying a poison pill and later sued. richest man in the world after he announced he planned to drop the offer due to concerns about account spam on the platform.
Earlier this month, Musk proposed continuing with his original $44 billion bid, while also calling on Twitter to end the lawsuit.
The Tesla Inc CEO has informed investors who have pledged to support the funding of the Twitter deal that he intends to close it on Friday, Reuters reported on Tuesday.
Equity investors including Sequoia Capital, Binance, Qatar Investment Authority and others have received the necessary paperwork for the funding pledge from Musk’s attorneys, Reuters reported.
Twitter shares were up about 1.1% at $53.91 in extended trading, slightly below Musk’s asking price.