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Highlights
The pending deal between Twitter and Elon Musk may be completed on Friday.
Necessary papers have been sent to the co-investors on behalf of Elon Musk’s lawyer.
Let us tell you that the judge has ordered Musk to complete this deal as soon as possible.
San Francisco. The long-pending deal of Twitter and Elon Musk can now be completed very soon. Tesla company CEO Elon Musk has informed co-investors that the social media company plans to complete its purchase of the firm by Friday, news agency Reuters reported, citing a close acquaintance of the deal. The source said that equity investors, Sequoia Capital, Binance and Qatar Investment Authority have received the necessary paperwork for the financing commitment from Elon Musk’s lawyer.
With this move, it is clearly visible that Elon Musk is planning to complete the deal within the time frame given by the Delaware court judge. According to the report, Musk promised to close the deal on Monday over a video conference call with bankers who are helping with the deal. Let us tell you that recently a report was revealed, which claimed that if the command of social media company Twitter comes in the hands of industrialist Elon Musk, then whenever it happens, he plans to remove most of the employees of the company. .
Such a claim was made in a news published in the Washington Post. This report was published in the newspaper on Thursday. It was told, citing documents and sources, that Musk has told potential investors to buy Twitter that he will lay off about 75 percent of the 7,500 employees and the company will have a minimum employee. There is already a possibility of job layoffs, but Musk’s plan is very wide layoffs.
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FIRST PUBLISHED : October 26, 2022, 01:50 AM IST
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