If the deal is not completed on time, he will go to court.
If the deal is not completed on time, he will go to court.
(Dpa) – According to US media, Elon Musk wants to complete the acquisition of the online Twitter network within the deadline set by the court on Friday. The Tesla boss assured that in a video conference with the bankers who were at Fund the $ 44 billion deal help, Bloomberg Financial Service reported.
Banks that Provide $ 13 billion of credit he should, therefore, only have to go through the final formalities before the money is released for Musk.
The tech billionaire himself and Twitter initially did not comment. Up to this Friday at 5pm local time (11pm CEST) the transaction must be carried out, otherwise the deal, which has been disputed for months, will end up in court after all.
Musk reportedly told Twitter staff on Wednesday that he has no plans to lay off 75 percent of employees if he takes over the company, according to people familiar with the matter. He denied the number previously listed in an address to employees in the company’s San Francisco office.
resignation from resignation
Musk had actually agreed to the acquisition with Twitter in April. In July, however, he canceled the deal over the company’s alleged misrepresentations about fake accounts. Twitter is suing for compliance with the purchase agreement and a judicial proceeding has been planned to resolve the dispute. In early October, Musk surprisingly renewed his buy offer.
However, he made it a condition that the court case – in which his chances were considered relatively poor – be resolved. Twitter rejected this. The company was suspicious because Musk made his offer conditional on financing. the The judge eventually suspended the casebut he imposed a deadline of October 28: if the agreement is not concluded, there will be a trial.
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