obligation American billionaire Elon Musk to close its $44 billion purchase of Twitter by next Friday, Bloomberg reported on Tuesday, citing people familiar with the matter.
The report stated that Musk made this pledge in a video conference with bankers helping to finance the deal.
The sources said the banks, which will provide $13 billion as part of financing the deal, have finalized the credit agreement and are in the process of signing the agreement, one of the last steps before the money is actually transferred to Elon Musk.
Bloomberg previously reported that Wall Street lenders, led by Morgan Stanley, had already been preparing in recent weeks to fund the deal. But nothing is ever certain with Elon Musk, the “mercurial” billionaire who only weeks ago was seeking to back out of the deal.
These latest developments indicate that he is in the final stages of closing the deal by the October 28 court deadline.
Morgan Stanley and Twitter declined to comment, while Musk’s representatives did not immediately respond to a request for comment.