Planning to close Twitter deal by Friday, Musk notifies co-investors

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Elon Musk has informed co-investors who have committed to helping fund his $44 billion acquisition of Twitter Inc. that he plans to close the transaction by Friday, as per a person familiar with the matter.

According to the source, equity investors such as Sequoia Capital, Binance, Qatar Investment Authority, and others have received the necessary paperwork for the financing commitment from Musk's lawyers.

The move is the clearest indication yet that Musk intends to meet a deadline set by a Delaware court judge to complete the transaction by Friday.

According to Bloomberg, the banks that agreed to fund Musk's takeover of Twitter have completed the final debt financing agreement and are in the process of signing the necessary documents.

Twitter did not respond to requests for comment, and neither did Musk's lawyers

Twitter shares jumped on the news, rising 3% to $52.95 on Tuesday, approaching Musk's offer price of $54.20.

Musk has vowed $46.5 billion in equity and debt financing for the acquisition, covering the $44 billion purchase price and closing costs.

Banks such as Morgan Stanley and Bank of America Corp (BAC.N) have agreed to provide $13 billion in debt financing to support the transaction. Oracle Corp (ORCL.N) co-founder Larry Ellison and Saudi Prince Alwaleed bin Talal will contribute $7.1 billion in equity.

The agreement puts an end to months of speculation that the erratic entrepreneur would abandon the takeover.

Musk sells himself as a supporter of free speech and has reportedly criticized Twitter's approach to monitoring violent or hateful content.

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