Sources: Twitter and Elon Musk are preparing to complete his $44B buyout by the October 28 court-issued deadline, as talks between the two have turned cordial
Advisers to Twitter Inc. and Elon Musk are hard at work trying to get the $44 billion deal closed by the end of the month, according to people familiar with the matter.
Context & Ripple Effects
The transaction moved from April takeover terms at $54.20 a share into a contested closing process, with Twitter delaying Musk’s deposition as the parties worked toward a resolution. The newly cordial talks put the court-set deadline, rather than another litigation step, at the center of the deal’s endgame.
Related coverage later records that the acquisition closed late on October 27, making this report the final pre-closing signal that advisers were aligning the parties before the deadline.
First-order effects
- Twitter and Musk’s advisers must complete the remaining closing work by October 28, replacing the immediate prospect of a deposition-driven court fight with transaction execution.
- Twitter’s pending change of ownership becomes imminent for its board, employees, and counterparties once the $44 billion buyout closes.
Second-order effects
- Banks that had continued working on the transaction alongside Twitter and Musk’s teams move from deal preparation toward funding and closing coordination.
- The resolution removes an unusually public acquisition dispute from Twitter’s near-term agenda, allowing the company’s stakeholders to plan around a completed ownership transfer rather than a court timetable.
Third-order effects
- The episode shows how a court-imposed deadline can convert stalled acquisition negotiations into a closing process when both sides still have a viable signed deal to execute.
The trend: Large contested takeovers are increasingly shaped as much by litigation calendars and closing mechanics as by the original negotiated price.