26 October 2022 | Other

Musk plans to close the Twitter deal by Friday

According to Reuters, Elon Musk plans to close the deal of acquiring Twitter Inc by Friday, as he informed his co-investors, who provide funding of this purchase. The social network’s acquisition will cost Musk $44 billion.

The businessman’s co-investors, including Sequoia Capital, Binance, Qatar Investment Authority, and some others, received all the necessary legal documents for fulfilling their financial obligations. This move from Musk demonstrates his intention to adhere to ending the deal until the deadline established by the Delaware Court.

As stated by Bloomberg News, banks participating in the Twitter’s acquisition have already prepared final agreements on debt financing, and now they are signing all the required documents.

Company MarketCheese
Period: 14.07.2025 Expectation: 945 pips
Delayed tariff implementation may push silver to $35.650
Yesterday at 11:10 AM 40
Period: 18.07.2025 Expectation: 1400 pips
Weak dollar may drive S&P 500 to 6,300
Yesterday at 07:34 AM 41
Brent sell
Period: 11.07.2025 Expectation: 400 pips
Brent falls ahead of OPEC+ decisions
04 July 2025 63
Period: 18.07.2025 Expectation: 900 pips
AUDCAD is likely to keep pulling back from its monthly high
04 July 2025 49
Period: 10.07.2025 Expectation: 1200 pips
Selling USDJPY during rebound with 142.430 target
03 July 2025 64
Period: 11.07.2025 Expectation: 220 pips
Heatwaves across Europe and US support gas price recovery from recent lows
03 July 2025 246
Go to forecasts