Days before a court-ordered deadline to complete his $44 billion bid for the social media network, billionaire Elon Musk said on Wednesday that he was visiting Twitter Inc.’s San Francisco office.
Musk posted a video of himself entering the Twitter headquarters while holding a sink in his hands, with the description, “Entering Twitter HQ – let it sink in!”
He had updated his profile’s bio to read “Chief Twit” hours before, giving the impression that he was the company’s senior executive.
Musk will visit the San Francisco headquarters this week, Twitter said, although it chose not to elaborate.
Twitter initially resisted the deal by implementing a poison pill and later sued the wealthiest 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 first $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 by Friday.
According to Reuters, Sequoia Capital, Binance, Qatar Investment Authority, and other equity investors have received the necessary papers from Musk’s attorneys for the finance promise.
The Twitter stock increased about 1% at $53.31, just about $1 below Musk’s offer price.
