Money
Elon Musk is days away from owning Twitter
Elon Musk is days away from owning Twitter, as he gets set to sign the final papers
Elon Musk is days away from closing his Twitter takeover by Friday.
Reports suggest the banks financing the deal have now finished putting together the credit agreement and are in the process of signing the documentation.
This is one of the last steps before actually sending the cash to Musk.
It’s believed Musk made this pledge during a conference call with key bankers.
He’s seeking approximately $US13 in debt financing from the banks.
If it goes ahead, the acquisition will make the Tesla CEO the owner of one of the largest social media platforms in the world.
Twitter has been struggling in recent years, and this takeover could be a much-needed boost for the company.
These latest developments Musk is pushing to have the transaction completed by the court-issued October 28 deadline.