Elon Musk Arrives at Twitter Headquarters Ahead of Friday Acquisition Deadline
Elon Musk visits Twitter's San Francisco office carrying a kitchen sink as he faces a Friday deadline to finalize his $44 billion purchase. The visit indicates the billionaire is moving forward with the acquisition after months of legal disputes.
Elon Musk walks into Twitter's San Francisco headquarters carrying a kitchen sink, sharing a video of his arrival on the platform. This playful entrance comes just days before the court-mandated Friday deadline to finalize his $44 billion acquisition of the social media company. The quirky gesture contrasts sharply with recent reports that Musk plans to lay off 75% of Twitter's workforce once the deal closes.
Judge Kathaleen McCormick orders Musk to complete the buyout by Friday, pushing the entrepreneur to finalize the massive transaction. Musk reportedly speaks with bankers to secure $13 billion in debt financing for the purchase. Twitter's head of people and chief marketing officer Leslie Berland sends a company memo announcing that Musk addresses the staff directly on the deadline day.
The billionaire previously attempts to back out of the agreement by claiming Twitter misrepresents the number of bot accounts on its platform. However, impending court proceedings and the public release of text messages detailing his wavering commitment likely force his hand. Additionally, Twitter's rising stock price, currently trading around $53 per share, gives Musk further incentive to finally close the deal.