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Tesla chief plans to address social media company’s staffers on Friday with $44bn transaction set to close
$Tesla (TSLA.US)$ Elon Musk visited $Twitter (Delisted) (TWTR.US)$ ’s San Francisco headquarters on Wednesday and plans to address staffers on Friday as his $44bn deal to buy the social media platform looks set to inch over the finish line by the end of the week.
The world’s richest man posted a short video of himself on Twitter walking into the social media company’s offices, carrying a sink, with the caption: “Entering Twitter HQ — let that sink in!”
The post is the surest signal yet that Musk will close his acquisition of the platform by the end of this week, in keeping with a deadline imposed by a Delaware court following a turbulent buyout process during which the billionaire entrepreneur and Twitter became embroiled in a bitter legal battle.
Musk on Wednesday also changed his biography on his Twitter profile to read “Chief Twit”.
The post is the surest signal yet that Musk will close his acquisition of the platform by the end of this week, in keeping with a deadline imposed by a Delaware court following a turbulent buyout process during which the billionaire entrepreneur and Twitter became embroiled in a bitter legal battle.
Musk on Wednesday also changed his biography on his Twitter profile to read “Chief Twit”.
Musk is expected to cut jobs upon taking control of Twitter, previously telling staffers that the business needed to “get healthy” and undergo a “rationalisation of headcount and expenses”.
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