twitter deal musk – pressnews

[ad_1] Elon Musk pledged to close the acquisition of Twitter Inc. by Friday. Elon Musk pledged Monday to close the acquisition of Twitter Inc. by Friday in a video conference call with bankers helping fund the deal, according to people with knowledge of the matter.The banks, which are providing $13 billion of debt financing, have finished putting together the final credit agreement and are in the process of signing the documentation, one of the last steps before actually sending the cash to Musk, said the people, who asked not to be named discussing a private transaction. Twitter shares jumped on the news and traded as high as $53.18, approaching Musk's $54.20 acquisition price. The Wall Street lenders, led by Morgan Stanley, had already been preparing in recent weeks to fund the debt...

[ad_1] A judge halted the court case against Elon Musk over his $44 billion purchase of Twitter. A judge halted the court case against Elon Musk over his $44 billion purchase of Twitter Inc., giving the parties until 5 p.m. on Oct. 28 to complete the deal.Delaware Chancery Judge Kathaleen St. J. McCormick said if the transaction isn't done by that time, she will set trial dates in November, according to an order issued Thursday. The ruling is a win for Musk, who asked the judge to pause Twitter's lawsuit against him, saying the social media company “will not take yes for an answer” after he revived his bid to buy it. The billionaire earlier this week proposed consummating the $54.20-per-share deal provided the court “enter an immediate stay of the action” and “adjourn the trial and al...

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Elon Musk Pledges He Will Close Twitter Deal on This Day

Musk Asks Delaware Judge to Halt Lawsuit Over $44 Billion Twitter Deal