Skip to main content
Tags: elon musk | twitter deal closing

Musk May Close Twitter Deal by Friday

Musk May Close Twitter Deal by Friday
Elon Musk, Tesla CEO (AP)

Tuesday, 25 October 2022 02:11 PM EDT

Elon Musk has pledged to close his $44 billion Twitter Inc. deal by Friday in a video conference call with bankers who are helping fund the deal, Bloomberg News reported on Tuesday, citing people with knowledge of the matter.

The banks have finished putting together the final credit agreement and are in the process of signing the documentation, according to the report, in one of the last steps in moving funds to Musk.

Twitter and Musk's lawyers were not immediately available for comment.

Musk has pledged to provide $46.5 billion in equity and debt financing for the acquisition, which covers the $44 billion price tag and closing costs.

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

Equity investors, including Oracle Corp. co-founder Larry Ellison and Saudi Prince Alwaleed bin Talal, will pitch in with $7.1 billion.

Twitter share rose 2.7% to $52.9, closer to Musk's offer price of $54.20.

© 2025 Thomson/Reuters. All rights reserved.

Sign up for Newsmax’s Daily Newsletter

Receive breaking news and original analysis - sent right to your inbox.

(Optional for Local News)
Privacy: We never share your email address.

StreetTalk
Elon Musk has pledged to close his $44 billion Twitter Inc. deal by Friday in a video conference call with bankers who are helping fund the deal, Bloomberg News reported on Tuesday, citing people with knowledge of the matter.
elon musk, twitter deal closing
163
2022-11-25
Tuesday, 25 October 2022 02:11 PM
Newsmax Media, Inc.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 

Interest-Based Advertising | Do not sell or share my personal information

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
America's News Page
© 2025 Newsmax Media, Inc.
All Rights Reserved
Download the Newsmax App
NEWSMAX.COM
America's News Page
© 2025 Newsmax Media, Inc.
All Rights Reserved