Tesla CEO Elon Musk is about to close a deal and finally buy Twitter. This was reported by Bloomberg, citing sources.

The question, as always, was money, but now the banks that provide debt financing seem to have finalized the final loan agreement. They are in the process of signing documents – this is the last step before the actual transfer of money to Musk, the sources specified. Musk should receive $13 billion.

Another $500 million will be given to Musk by his longtime friend and part-time CEO of Binance, Changpen Zhao. So, in all likelihood, Elon Musk will still comply with the court’s demands and buy Twitter before the deadline set by the judge. Twitter will be bought for $44 billion.

Musk has been on the nerves of Twitter for the past six months – at the end of April, he signed an agreement to buy Twitter, but a month later he suspended the deal to check the company’s data on bots. It turned out that the number of fake accounts on Twitter was at least 20% of the total number of registered users (according to Musk and those who checked)

In early July, Elon Musk terminated a $44 billion deal because the company had allegedly defaulted and violated the merger agreement. So Twitter decided to force the businessman to buy through the courts.

In early October, Musk did change his mind and seemed to agree to buy the social network, so the court postponed the hearing on the case until the end of October to allow the deal to be completed.

https://altcoin.ng/elon-musk-to-buy-twitter-on-october-28/

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