As time is running out for Elon Musk to complete the $44 billion acquisition of Twitter, there has been report that said Musk is expected to close the Twitter acquisition deal by Friday.
According to reports by Bloomberg, Musk has already informed of his intent to co-investors and the infamous Twitter buyout is now expected to close. The execution of the deal is expected to happen via a video conference call with bankers who are also helping fund this Twitter deal.
The Twitter deal acquisition report by Bloomberg News also mentions that the banks have finished putting together the final credit agreement. Now, they are also in the process of signing the documentation in order close the deal soon.
Elon Musk has agreed to provide $46.5 billion in equity and debt financing for this Twitter acquisition. Apart from this, banks like Morgan Stanley and Bank of America Corp., have reportedly pledged to provide $13 billion of debt financing.