After six months of curtains and twists, finally the deal Twitter could come to a conclusion. According to new rumours Elon Musk could close the deal by the end of the week. Maybe the day after tomorrow, Friday.
Barring (nth) surprises, Musk would have to acquire 100% of Twitter’s shares under the terms agreed in May, and thus with an issuance of $44 billion ($54.20 per share).
The billionaire is said to have warned his partners that the deal could end this Friday. Morgan Stanley will participate in the acquisition with a $13 billion loan, the giant has already finalized a draft of the agreements with Elon Musk. Musk’s lawyers would have already handed over to their respective counterparts Binance, Oracle And Sequoia Capital (all partners in the acquisition) the necessary papers to close the deal.
The Delaware court, where Twitter’s civil suit would be heard, gave Elon Musk until October 28 to close the deal. The first hearing was due to take place last week.
With the acquisition by Elon Musk, Twitter would open a second phase characterized by strong uncertainties. On the table is the hypothesis of a mass layoff (75% of employees risk their jobs) and of turning Twitter into a Super App based on Chinese model.
Source: Lega Nerd
