The banks that have pledged Elon Musk 13 billion in credit for his Twitter takeover, according to The Wall Street Journal started transferring that amount on Wednesday (local time). Sources report that Musk sent the necessary papers to the banks on Tuesday to initiate this process.
Musk promised the bankers last Tuesday to finalize the purchase of Twitter on Friday. The richest man in the world announced in April that he wanted to buy the platform for $44 billion, but later declined to do so. Twitter then filed a lawsuit to let the sale go ahead. Finally, Musk changed his mind again and decided to incorporate the messaging service for the agreed amount.
In addition to Musk, other investors are putting billions of dollars into the Twitter acquisition, such as the founder of software company Oracle Larry Ellison and the crypto company Binance. One of the current shareholders, Prince Al-Waleed bin Talal al-Saud of Saudi Arabia, wants to keep his stake in Twitter from just under 4 percent.
Laid off
The Bloomberg news agency, meanwhile, reported on the basis of an internal memo from Twitter that Musk will talk to staff at Twitter’s headquarters in San Francisco on Friday about his takeover of the social media company. In a memo to staff, in the hands of Bloomberg, Musk is said to be meeting staff that day. Reportedly, the multibillionaire wants to cut many jobs at Twitter.
Musk himself also appeared on Wednesday with a sink in the Twitter headquarters in San Francisco. On his own Twitter account, he showed a video of himself lugging the sink inside. “Let that sink in,” he wrote. In his bio on his Twitter account, Musk now also mentions that he is ‘Chief Twit’, which means ‘the boss of Twitter’.
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