Twitter: Elon Musk wants to complete the takeover by Friday at the latest

Twitter: Elon Musk wants to complete the takeover by Friday at the latest


It’s only a matter of days! After procrastinating for months, Elon Musk is finally
decided to buy Twitter. The boss of Tesla even says to himself
willing to overpay the social network that he believes has enormous economic potential.

According to our colleagues from Bloomberg, the buyout deal is expected to close by Friday. As a reminder, the total cost of the operation is estimated at 44 billion dollars.

The transaction is about to be completed

The court has set a deadline to finalize the transaction, and it is this Friday, October 28. It seems that Elon Musk wants to meet this deadline and is currently entering the final stages of the operation.

On Monday, the American billionaire is said to have spoken with the banks that will provide him with $13 billion in debt financing. They would have finalized the final credit agreement and would be about to sign the documents that will allow the money to be sent.

The banks should have received a borrowing notice on Tuesday, and the money is expected to go into escrow as early as Thursday.


Bloombergpoints out that the announcement of this news was good for shares of Twitter which climbed to $53.18, which is not very far from the acquisition price of $54.20 per share.


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