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ELON MUSK HAS posted a video showing him strolling into Twitter headquarters ahead of a Friday deadline to close his $44 billion (€43.6 billion) deal to buy the company.
Musk also changed his Twitter profile to refer to himself as Chief Twit and his location as Twitter headquarters, which are based in San Francisco.
The video showed him carrying a sink through a lobby area.
“Entering Twitter HQ – let that sink in!” he tweeted.
Entering Twitter HQ – let that sink in! pic.twitter.com/D68z4K2wq7
— Elon Musk (@elonmusk) October 26, 2022
A court has given Musk until Friday to close his April agreement to acquire the company after he earlier tried to back out of the deal.
Neither Musk nor Twitter has said if the deal is closed yet.
Despite Musk’s splashy entry to headquarters, it was not clear yet whether his purchase of Twitter had been finalised.
Twitter confirmed that Musk’s video tweet was real but would not comment further.
Alex Spiro, Musk’s lead lawyer, did not immediately return a request for comment.
The Washington Post reported last week that Musk told prospective investors that he plans to cut three-quarters of Twitter’s 7,500 workers when he becomes owner of the company.
The newspaper cited documents and unnamed sources familiar with the deliberation.
One of Musk’s biggest obstacles to closing the deal was keeping in place the financing pledged roughly six months ago.
A group of banks, including Morgan Stanley and Bank of America, signed on earlier this year to loan $12.5 billion (€12.4 billion) of the money Musk needed to buy Twitter and take it private.
Solid contracts with Musk bound the banks to the financing, although changes in the economy and debt markets since April are likely to have made the terms less attractive.
Musk even said his investment group would be buying Twitter for more than it is worth.
Less clear is what is happening with the billions of dollars pledged to Musk by investors who would get ownership stakes in Twitter.
Musk’s original slate of equity partners included an array of partners ranging from the billionaire’s tech world friends with like-minded ideas about Twitter’s future, such as Oracle co-founder Larry Ellison, to funds controlled by Middle Eastern royalty.
The more equity investors kick in for the deal, the less Musk has to pay on his own.
Most of his wealth is tied up in shares of Tesla, the electric car company that he runs.
Since April, he has sold more than $15 billion (€14.9 billion) worth of Tesla stock, presumably to pay his share.
More sales could be coming.
Musk’s flirtation with buying Twitter appeared to begin in late March.
That is when Twitter said he contacted members of its board – including co-founder Jack Dorsey – and told them he was buying up shares and was interested in either joining the board, taking Twitter private or starting a competitor.
Then, on April 4, he revealed in a regulatory filing that he had become the company’s largest shareholder after acquiring a 9% stake worth about $3 billion (€2.98 billion).
At first, Twitter offered Musk a seat on its board.
But six days later, chief executive Parag Agrawal tweeted that Musk would not be joining the board after all.
His bid to buy the company quickly followed.
When Musk agreed to buy Twitter, he inserted a “420” marijuana reference into his price of $54.20 per share.
He sold roughly $15 billion (€14.9 billion) worth of shares in Tesla to help fund the purchase, then pulled together commitments for billions more from a diverse group of investors including Silicon Valley heavy hitters such as Ellison.
Inside Twitter, Musk’s offer was met with confusion and falling morale, especially after Musk publicly criticised one of Twitter’s top lawyers involved in content moderation decisions.
In July, Musk abruptly reversed course, announcing that he was abandoning his bid to buy Twitter.
His stated reason was that Twitter had not been straightforward about its problem with fake accounts he dubbed “spam bots”.
Twitter sued Musk in Delaware Chancery Court to force the deal through.
Two weeks before a five-day trial was scheduled to begin, Musk changed his mind again, saying that he wanted to complete the deal after all.
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He really is a c0c
@Jonhayes38: in all seriousness they have a decent size workforce here and his plan to make big cuts hopefully won’t impact them
@Jonhayes38: Either that, or it’s a business plan, or both, but in either case when someone has that much power and leverage – space travel as well as the Ukraine war (Starlink) – it’s worrying.
@Jonhayes38: sooner the better he builds that space ship and fuxxs off with his rich mates
Legend
Man’s is a terrible knob
He needs professional help and lots of it.
Maybe he’ll pull the plug on it
That joke just doesn’t work like that. Trying too hard to be funny again.
It’s called a dad joke, come onnnn.
@Watchful Axe: he’s a joke of a dad. Suppose we could ask X Æ A-12
It probably sounded funny in his head, he should have left it there.
The end of Twitter, it’s been good craic for venting anger at the world, politicians and celebs but it’s had it’s day
What was he sinking?
Hes as mad as a hatter …
You see a person like him who has to much money to be right in the head he would be better maybe give some of his money to the poor well here we go again
Like him or not that was brilliant PR
@Paul: Or pure cringe. I suppose it just depends on your personal opinion.
In Musk I trust.
So he’s got a sarky sense of humor, so what. It’s refreshing.
Ar5e Hole!
The world’s oldest teenager verbally masturbates online again.
@Pete Gilmartin: he Co- founded PayPal just out of college, he started an electric car company that nobody thought would work but it has and then he started a private rocket company that has really advanced that field too. What have you done?
@Damon16: you have drank deep from the kool aid and read extensively from the gospel of musk.
You can do a quick Google. No he didn’t found confinity which became PayPal.
No he didn’t start tesla. He was a very early investor but no he didn’t start it.
Wondering what advances in rocketry you are referring to, reusable rockets? If so he wasn’t the first to do that and it doesn’t improve the cost as they get damaged doing the landings anyway.
Lastly its unfair to suggest the original poster hasn’t done anything. It would only be fair if the original poster walked around in his youth with emeralds in his pocket….like Elon.
@Damon16: he didn’t found Tesla, he was just one of the earlier investors
Let that sink in..
All his money and he had to carry his own sink
sTinks
Washing his hands clean of the deal
Watching a 3 part BBC documentary about him at the moment which is pretty good. He’s a little bonkers alright :)
Nerd Jesus
He’s a serious sinkbag!
He’s some twit alright
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