A few days before of a court-imposed deadline to finalise his $44 billion acquisition of the social media platform, businessman Elon Musk announced on Wednesday that he was going to Twitter Inc.’s San Francisco office.
The caption of a video Musk tweeted of him entering the Twitter headquarters while holding a sink in his hands said, “Entering Twitter HQ – let that sink in!”
Entering Twitter HQ – let that sink in! pic.twitter.com/D68z4K2wq7
— Elon Musk (@elonmusk) October 26, 2022
He had changed the title of his profile to “Chief Twit” hours before, giving the impression that he is the company’s top executive.
Musk will visit the San Francisco office this week, according to Twitter, which declined to provide any other details.
A beautiful thing about Twitter is how it empowers citizen journalism – people are able to disseminate news without an establishment bias
— Elon Musk (@elonmusk) October 26, 2022
Twitter initially resisted the deal by implementing a poison pill, and later sued the richest man in the world after he announced plans to abandon the offer due to concerns about spam accounts on the platform. This dramatic back-and-forth has lasted six months since Musk announced his $54.20 per share bid.
Earlier this month, Musk suggested moving forward with his initial $44 billion offer in exchange for a stop to Twitter’s legal action.
According to Reuters, the Tesla Inc. CEO informed co-investors who agreed to help fund the Twitter transaction that he hopes to conclude it by Friday.
According to Reuters, Sequoia Capital, Binance, Qatar Investment Authority, and other equity investors have received the necessary papers from Musk’s lawyers for the finance promise.
In extended trading, Twitter stock was up around 1.1% at $53.91—a little less than Musk’s bid price.