Elon Musk Plans on Closing Twitter Deal by Friday

Musk has pledge to close his $44 billion Twitter Inc. deal by Friday in a video conference call with bankers who are helping fund the acquisition, Bloomberg reported Tuesday evening citing people familiar with matter . The final credit agreement and documentation for signing will be completed soon after completing one of last steps moving funds into Musk’s personal account at Goldman Sachs Group LLC as he agreed earlier this month when announcing plans on how much money would need from certain parties before going ahead with purchase price adjustment due diligence process

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.

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