Elon Musk, the billionaire poised to acquire Twitter later this week, strolled into the company's headquarters Wednesday carrying a porcelain sink and tweeting 'Entering Twitter HQ - let that sink in!'
Elon Musk, the billionaire poised to acquire Twitter later this week, strolled into the company's headquarters Wednesday carrying a porcelain sink and tweeting "Entering Twitter HQ - let that sink in!"
The Friday deadline to consummate the deal was ordered by the Delaware Chancery Court in early October. It is the latest step in an epic battle during which Musk signed a deal to acquire Twitter, then tried to back out of it, leading Twitter to sue the Tesla CEO to force him to conclude the deal. If the two sides don't meet the Friday deadline, the next step could be a November trial.
His apparent enthusiasm about visiting Twitter headquarters stood in sharp contrast to one of his earlier suggestions that the building should be turned into a "homeless shelter" because, he said, so few employees actually worked there. A group of banks, including Morgan Stanley and Bank of America, signed on earlier this year to loan $12.5 billion of the money Musk needed to buy Twitter and take it private. Solid contracts with Musk bound the banks to the financing, although changes in the economy and debt markets since April have likely made the terms less attractive. Musk even said his investment group would be buying Twitter for more than it's worth.
Musk, 51, has shared few concrete details about his plans for the social media platform. While he's touted free speech and derided spam bots since agreeing to buy the company in April, what he actually wants to do about either remains a mystery. Then, on April 4, he revealed in a regulatory filing that he had become the company's largest shareholder after acquiring a 9% stake worth about $3 billion.
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'Chief Twit': Elon Musk visits Twitter headquarters as deal nears finish lineTwitter is expected to come under Elon Musk’s ownership by 5 p.m. New York time on Oct. 28. Find out more.
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'Chief Twit': Elon Musk visits Twitter headquarters as deal nears finish lineTwitter is expected to come under Elon Musk’s ownership by 5 p.m. New York time on Oct. 28. Find out more.
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Musk posts video of himself strolling into Twitter HQElon Musk posted video Wednesday showing him strolling into Twitter headquarters ahead of a Friday deadline to close his $44 billion deal to buy the company.
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Musk tells debt bankers he plans to close Twitter deal on Friday - BNN BloombergElon Musk pledged Monday to close the acquisition of Twitter Inc. by Friday in a video conference call with bankers helping fund the deal, according to people with knowledge of the matter.
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Musk informs co-investors he plans to close Twitter deal by Friday: sourceElon Musk has notified co\u002Dinvestors helping to fund his $44 billion acquisition of Twitter Inc that he plans to close his buyout by Friday.
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