Elon Musk’s Twitter deal has to close by Friday or the trial is back on
Elon Musk’s on-again off-again plan to buy Twitter is on track to culminate in the billionaire taking control of the company this week.
A collection of banks including Morgan Stanley and Bank of America is footing his purchase with $13 billion in debt, which they plan to hold onto, at least in the short term
Twitter’s stock traded around $53 on Wednesday, barely shy of the $54.20 a share Musk offered for the company earlier this year.
Musk’s agreement with the banks helping him finance the deal isn’t the only thing holding him to a deadline
Twitter sued the erratic SpaceX and Tesla CEO over the summer to force him to buy the company.
Musk also signaled his plans to finish the deal this week, changing his Twitter bio to “Chief Twit” and his location to Twitter HQ.