Twitter and Musk Talks Heat Up As Buyout Closing Deadline Approaches
- (Bloomberg) According to sources, Twitter Inc. and Elon Musk advisers are working to clinch the $44 billion agreement before the end of the month.
- The people, who requested anonymity because the subject is confidential, said both parties’ bankers and lawyers are preparing papers to complete the buyout by the Oct. 28 court deadline.
- One person said that after months of public acrimony and allegations, the two sides are now talking about finishing the transaction rather than litigation.
- Musk’s claim that his bid was predicated on $13 billion in debt funding stalled their talks in early October, even though banks had committed to provide the debt in April.