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Musk Reportedly Tells Bankers Twitter Deal Will Close on Friday: Bloomberg

By Yasin Ebrahim 

Investing.com -- Elon Musk reportedly told bankers financing the debt portion of his $44 billion deal that he plans to wrap up the transaction by Friday, Bloomberg news reported Tuesday.

Twitter (NYSE:TWTR) jumped more than 2% to $52.91, close to the $54.20 per share offer tabled by Musk. 

Musk indicated that he would wrap up the deal following a video conference call with bankers, who are providing $13 billion in debt financing. The bankers completed the final credit agreement and were in the process of signing the documentation, the report said.

The deal appears to be reaching a conclusion just days ahead of a Friday deadline, imposed by a Delaware judge.  

Musk recently asked a court to pause Twitter's lawsuit against him last month and revived hopes that he would move ahead with the deal after months of uncertainty.   

Twitter filed the lawsuit earlier this year after Musk attempted to back away from the deal to acquire the social media company, citing worries about fake accounts on the social media platform. 

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