To buy Twitter, Musk has to keep banks, investors on board

Mgn 1280x960 20712b00 Xktun
twitter elon musk

If the squabbling ever stops over Elon Musk’s renewed bid to buy Twitter, experts say he still faces a huge obstacle to closing the $44 billion deal: Keeping his financing in place.

Earlier this week Musk reversed course and said he’d go through with acquiring the social media company under the same terms he agreed to in April.

But after months of tweetstorms and legal barbs, there are scars and suspicions on both sides.

Both sides are now fighting over whether Twitter’s lawsuit against Musk should be dropped.

For the deal to go through, Musk has to hold together a group of banks and investors that will help him pay for the purchase.

(Copyright 2022 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

10/7/2022 9:49:28 AM (GMT -5:00)

Categories: Regional and US News