Elon Musk plans to complete Twitter takeover by Friday

The American billionaire Elon Musk announced to the banks which say they are ready to help him finance the takeover of Twitter, and with whom he spoke on Monday October 24 by videoconference, that he intended to complete the operation of 44 billion dollars. dollars on Friday, October 28. This is the deadline that had been set by the American courts to conclude this takeover under the conditions and at the prices offered during the first offer in April, recalls La Tribune.

Commitment. Elon Musk intends to comply with the injunction of a Delaware judge, failing which the lawsuit brought by the social network to force him to honor his commitment will take place. The Tesla boss’s lawyers have thus transmitted the necessary financial documents to the investment funds concerned, including Sequoia Capital, Binance and Qatar Investment Authority, added the source.

According to the Bloomberg agency, which first reported the information, the banks that committed to finance the operation have finished drafting the loan agreements and are at the stage of signing the required documents.

Twitter declined to comment. Elon Musk’s lawyers were not immediately available.

(with Reuters)

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