Elon Musk turns up at Twitter HQ carrying a sink as takeover nears completion

1 year ago 42

Elon Musk has been seen entering Twitter HQ - carrying what appears to beryllium a sink.

Mr Musk tweeted a video showing himself walking into the gathering successful San Francisco a time aft reports that helium could adjacent his $44bn takeover of the tract by the extremity of this week.

The 51-year-old captioned the video: "Entering Twitter HQ - fto that descend in!" - an evident play connected words for the descend helium was carrying.

He has besides changed his Twitter bio to "Chief Twit", teasing his move.

The banks progressive successful the takeover person finished putting unneurotic the last recognition statement and are successful the process of signing the documentation, according to a study by Bloomberg.

Mr Musk, the tycoon down Tesla and Space X, has promised $46.5bn successful equity and indebtedness financing for the takeover, covering the $44bn terms tag and the closing costs.

A fig of banks, including Morgan Stanley and Bank of America, person committed $13bn successful indebtedness financing to enactment the deal.

Equity investors, including Oracle Corp co-founder Larry Ellison and Saudi Prince Alwaleed bin Talal, volition lend $7.1bn.

The takeover has been acold from smooth, however.

The world's richest antheral   - who is connected  the verge of buying Twitter - entered the company's office  successful  San Francisco holding a sink.

Image: The world's richest antheral is connected the verge of buying Twitter

Mr Musk revealed connected 4 October helium would proceed with the afloat offer made successful April, up of ineligible enactment that Twitter was acceptable to bring against him aboriginal this period for going backmost connected the deal.

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Mr Musk, a long-time Twitter idiosyncratic who has been captious of its escaped code credentials, had tried to question amended presumption connected the grounds that the societal media institution was refusing to divulge the existent fig of spam accounts connected the platform.

He argued that this question people near the business's existent marketplace worth successful doubt.

US tech stocks person besides suffered terribly since the woody was struck - successful Twitter's lawsuit they person fallen from $44 (£37.85) per stock connected 14 April to arsenic debased arsenic $32 (£27.53) successful July erstwhile the bid was formally withdrawn.

The connection terms Musk initially agreed to was $54.20 (£46.63) per share, but the stock terms is presently $53.32 (£45.87).

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