Deals
Musk-Twitter Countdown to Close $44 Billion Deal Begins
- Judge set 5 p.m. Friday deadline to close tortured acquisition
- Billionaire seems on track; if deal blows up, trial is back on
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After months of “will they or won’t they,” Elon Musk is running up against a court-ordered deadline to deliver on his promise to buy Twitter Inc. for $44 billion.
The world’s richest person and the social media company he favors have until 5 p.m. Friday in Delaware to do the deal. If they don’t, Delaware Chancery Judge Kathaleen St. J. McCormick has said she will schedule a November trial to determine whether Twitter can force the impulsive billionaire to complete the buyout he mused on, proposed, shunned and finally put back on the table.