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Banks return to finance plans for Elon Musk’s $44bn Twitter takeover
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Banks have started to send $13bn in cash backing Elon Musk's takeover of Twitter according to people familiar with the matter, the latest sign the $44bn deal for the social-media company is on track to close by the end of the week after months of twists and turns.
Musk late on 25 October sent a so-called borrowing notice to the banks that agreed to provide him with the debt for the purchase, one of the people said. That kicked off a process that is currently underway by which banks will deposit funds they are on the hook for...
Read more on fnlondon.comAbout this in other media
Billionaire Sam Bankman-Fried Reveals Reasons for Not Investing in Elon Musk Twitter Takeover cryptonews.com /1 year ago
Here's why Binance's CZ invested in Twitter following Elon Musk acquisition cointelegraph.com /1 year ago
Joe Biden unhappy with Elon Musk for buying a platform that "spews lies" cointelegraph.com /1 year ago
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