Elon Musk visits Twitter headquarters ahead of $44B acquisition deadline
Elon Musk arrived at Twitter’s headquarters ahead of Friday’s court-imposed deadline to close his $44 billion acquisition of the social media giant.
In addition, Musk changed his Twitter bio to “Chief Twit.”
Leslie Berland, Twitter’s chief marketing officer and head of people, sent a memo to employees on Wednesday notifying them of Musk’s plans to visit, according to Bloomberg. Musk is reportedly set to address staff during a meeting on Friday.
The Delaware Court of Chancery has given Musk until Oct. 28 to close the deal with Twitter. If the parties cannot reach an agreement, a legal trial related to Musk’s previous efforts to walk away from the deal will be scheduled for November.
On Wednesday, Bloomberg reported that Musk told bankers providing $12.5 billion in debt financing for the deal that it will close by the Friday deadline. Banks backing the deal include Morgan Stanley, Bank of America, and Barclays.
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