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Takeover of Twitter by Elon Musk: the agreement is finalized in the next few hours

According to Wall Street Journal, 13 billion dollars have been released by the banks to support Elon Musk in his acquisition. The multimillionaire was also this Thursday in the premises of Twitter.

Never stingy with schoolboy jokes, Elon Musk was on Twitter’s premises Thursday, a sink in his arms. “Let it sink” (“think about it for a moment”), he wrote in his account playing with the play on words between this expression and the term “sink” which means to sink in English.

Beyond the image, the one who renamed himself “Silly Boss” on his account probably came to record the end of a contract he no longer wanted. Therefore, the richest man in the world should buy Twitter this Friday for 44 billion dollars.

fear of employees

According to Wall Street JournalBanks have already released and wired $13 billion to close the deal that is due to close on Friday, according to a court decision, if Elon Musk wants to avoid a costly lawsuit.

According to US media, the billionaire is expected to speak directly with Twitter employees this Friday. They fear massive layoffs. Last week, information from Washington Post he stated that the takeover of the company should lead to the dismissal of 75% of the 7,500 employees. But according to Bloomberg, Elon Musk has no intention of cutting that much; even if there are departures planned.

After trying to back out of this purchase, the head of Tesla and SpaceX should finally pay the social network for 44 billion dollars. He has at least until 11pm (French time) this Friday to sign the agreement.

Author: Thomas LeRoy
Source: BFM TV

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