Elon Musk Plans To Close $44 Billion Twitter Deal Soon

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After a long game of see-saw, Elon Musk wants to get done with the Twitter deal.

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According to a Reuters report, the tech billionaire is planning to close the Twitter deal by Friday, 28th October, 2022.

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Earlier, a Delaware court judge set 28th October as a deadline for the Twitter deal.

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Musk pledged to close the deal on a video conference call on Monday with bankers who are helping fund the deal.

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Twitter shares jumped on the news and were trading up 3% at $52.78.

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Morgan Stanley and Bank of America Corp, have committed to provide $13 billion of debt financing to support this deal.

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Musk’s takeover of Twitter has been a game of circus with Musk first getting sued for pulling out of the deal and then later confirming to stick with the original deal.

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