By October 28, Elon Musk Plans To Complete The Twitter Deal

According to a person familiar with the matter, Elon Musk has notified co-investors who agreed to help fund his $44 billion acquisition of Twitter Inc that he intends to close the deal by Friday.

According to the source, Mr. Musk's lawyers have provided the necessary documents for the financial commitment to equity investors Sequoia Capital, Binance, Qatar Investment Authority, and others.

The step is the most glaring indication yet that Mr. Musk plans to comply with the judge's deadline of Friday to complete the transaction.

According to a report from a media agency, the banks who agreed to help finance Mr. Musk's acquisition of Twitter have completed putting together the final debt financing arrangement and are currently completing the relevant papers.

During a video conference call on Monday with bankers who are helping to finance the deal, Mr. Musk promised to close the deal. Twitter opted out of commenting. The legal counsel for Mr. Musk was not immediately available for comment.

The price of Twitter shares increased 3% on Tuesday to $52.95 as a result of the news, bringing them closer to Elon Musk's offer price of $54.20.

Twitter opted not to respond. The legal counsel for Mr. Musk was not immediately available for comment.

For the acquisition, Mr. Musk has promised to contribute $46.5 billion in equity and debt finance, which will pay for the transaction's $44 billion price tag and closing charges. A total of 13 billion dollars in debt financing will be provided by banks, including Morgan Stanley and Bank of America Corp., to back the purchase.