According to American media, Elon Musk wants to complete the acquisition of the online network Twitter on Friday around the deadline imposed by the court. The Tesla boss assured this in a video conference with bankers on Tuesday.
Bloomberg referred to insiders. The bankers would help fund the $44 billion deal.
The banks, which must provide $13 billion in loans, only need to complete the final formalities before the money is released to Musk. The tech billionaire himself and Twitter initially did not comment. The transaction must be completed next Friday at 5 p.m. local time (11 p.m. CEST) or the deal, which has been controversial for months, will still go to court.
Musk had actually reached an agreement about the acquisition with Twitter in April. In July, however, he rescinded the deal over alleged misrepresentations by the company about fake accounts. Twitter filed a lawsuit for compliance with the purchase agreement and a lawsuit was planned to resolve the dispute. At the beginning of October, Musk surprisingly renewed his purchase offer.
He did, however, set the condition that the lawsuit – in which his chances were considered relatively small – would be settled. Twitter has rejected this. The company was suspicious of Musk making its offer contingent on financing. The judge eventually adjourned the proceedings, but set an October 28 deadline – if the deal falls through, there will be a trial. (sda/dpa)
Soource :Watson
I’m Ella Sammie, author specializing in the Technology sector. I have been writing for 24 Instatnt News since 2020, and am passionate about staying up to date with the latest developments in this ever-changing industry.
