Elon Musk was seen entering Twitter HQ – with what looked like a sink.
Musk tweeted a video showing him walking into the building in San Francisco a day after reports surfaced that he could buy the site for $44 billion by the end of the week.
The 51-year-old captioned the video: “Enter Twitter HQ – let it sink in!” – playing word games for the sink he carries.
He also changed his Twitter bio to “Chief Twit,” making fun of his move.
According to Bloomberg, the participating banks have finalized credit agreements and are in the process of signing documents.
Mr. Musk, the mogul behind Tesla and SpaceX, has committed $46.5 billion in equity and debt financing for the acquisition, covering a $44 billion price tag and transaction costs.
Banks, including Morgan Stanley and Bank of America, have pledged $13 billion in debt financing to back the deal.
Equity investors, including Oracle co-founder Larry Ellison and Saudi Prince Alwaleed bin Talal, will contribute $7.1 billion.
However, the acquisition was far from smooth sailing.
Mr Musk revealed on October 4 that he would Continue to provide full offer Filed in April, pending legal action Twitter A lawsuit was due to be filed against him later this month to renegotiate the deal.
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Mr. Musk, a longtime Twitter user who has been critical of his free speech credentials, has sought better terms, citing the social media company’s refusal to disclose the true number of spam accounts on the platform.
He argues that the question mark calls into question the true market value of the business.
US tech stocks have also been hit hard since the deal – in the case of Twitter, they have fallen from $44 (£37.85) a share on April 14 to $32 (£27.53) when the bid was officially withdrawn in July ).
Musk initially agreed to an offer price of $54.20 (£46.63) per share, but the share price is now $53.32 (£45.87).