First modification:
The purchase of the social network Twitter, one of the most commented business movements in recent years, should be formalized in the next two days, otherwise, and by judicial decision, there will be a trial after the company’s complaint against Musk for not honor your purchase commitment.
Elon Musk has reportedly told investors who have pledged to fund his Twitter acquisition that he intends to complete the $44 billion deal by Friday, according to a source familiar with the matter.
Lawyers for the Tesla boss submitted the necessary financial documents to the relevant investment funds, including Sequoia Capital, Binance and the Qatar Investment Authority.
This would be the clearest sign that Elon Musk intends to comply with a Delaware judge’s order to complete the Twitter purchase by Friday.
According to Bloomberg, the banks that would finance the operation have finished drafting the loan agreements and are in the process of signing the necessary documents.
Elon Musk met with the banks on Monday via video conference and pledged to close the deal, Bloomberg reported.
Twitter and Musk’s lawyers declined to comment.
Elon Musk recently stated that he and other investors are “obviously overpaying” for Twitter Inc. The CEO of Tesla Inc. said he is “excited about where Twitter is,” describing the social network as an asset that ” has languished for a long time” but has “incredible potential”.
The company’s long-term potential is an “order of magnitude greater than its current value,” Musk commented on Tesla’s quarterly earnings call last Wednesday.
with Reuters
