Elon Musk Prepares to Close Twitter Deal ahead of Friday Deadline

“Entering Twitter HQ– let that sink in!” Musk captioned a video of himself carrying a kitchen sink in to the Twitter headquarters.

Entering Twitter HQ – let that sink in! pic.twitter.com/D68z4K2wq7

— Elon Musk (@elonmusk) October 26, 2022

Musk also changed his Twitter profile to say, “Chief Twit” and changed his location to San Francisco, CBN News reports.

Twitter officials have not released a statement about the Friday deadline or if the deal has been officially closed.

Musk had brought on a group of banks to loan $12.5 billion of the cost to buy Twitter. Meanwhile, billions were also pledged to the financing by investors who would receive ownership stakes in Twitter. Those partners include Oracle co-founder Larry Ellison and even an investor who is Middle Eastern royalty.

Much of Musk’s own wealth is in shares of Tesla, and since April he has sold more than $15 billion worth of Tesla stock, which is thought to be to pay for his share of the cost of Twitter.

Last week, The Washington Post reported that Musk told prospective investors that he planned to cut three-quarters of Twitter’s 7,500 employees when he becomes the owner.

Musk’s journey to buying Twitter began earlier this year when he contacted members of the Twitter board and told them he was buying shares of Twitter and wanted to be on the board so that he could make Twitter private or start a competitor.

In April, he became the company’s largest shareholder after acquiring a 9 percent stake in the company, worth about $3 billion.

Twitter offered Musk a seat on his board, but then Musk offered up a bid to buy the company.

But the deal became unclear just a few months later. In July, Musk announced that he wouldn’t be buying Twitter because of what he said were “problems with fake accounts.”

Twitter then sued Musk to force the deal through, but two weeks before the trial started, Musk said he would be closing the deal after all.

Photo courtesy: ©Getty Images/Pool/Pool

Amanda Casanova is a writer living in Dallas, Texas. She has covered news for ChristianHeadlines.com since 2014. She has also contributed to The Houston Chronicle, U.S. News and World Report and IBelieve.com. She blogs at The Migraine Runner.