After all the back and forth about the Twitter takeover, Elon Musk wants to create a good atmosphere with a joking action. The deal is expected to be finalized later today. When it comes to job cuts, the new owner calms the employees down.
Tesla boss Elon Musk visited the headquarters of the short message service Twitter in San Francisco. “Enter Twitter headquarters – let it sink in!” (“Let that sink in”) was the caption of a video tweeted by Musk. The billionaire joked with the video that he was carrying a sink when he entered the building, alluding to the fact that he literally took the title of his Twitter post literally: ” Let the sink in.”
A little later he tweeted that he had met many “cool people” during his visit. Apparently, after all the back and forth regarding the purchase of the social media platform, Musk wanted to provide amusement with the action. Recently, media reports about a possible job cuts among the employees had probably caused long faces. As the Bloomberg agency claims to have learned from an insider, Musk apparently reassured Twitter employees during his visit and explained that he does not plan to eliminate three quarters of all jobs after the takeover.
According to a media report, the takeover is expected to be completed later today. The Wall Street Journal, citing an insider, reports that the banks have already started transferring $13 billion in cash to support Musk’s takeover. Once the final closing conditions are met, Musk would be provided with the funds to complete the transaction by Friday, the paper said. Musk has already changed his name on Twitter to “Chief Twit”.
As of Friday, Twitter will no longer be listed on the New Yorker. This emerges from a statement from the stock exchange, reports the financial market service “Seeking Alpha”. Musk had announced the move as part of his takeover plans.
The richest man in the world announced plans to acquire Twitter for $44 billion. Including ancillary costs, the sum totals 46.5 billion US dollars. Musk had meanwhile stated that he was withdrawing from the purchase, which Twitter management did not want to accept. Musk later agreed to buy it again. Twitter shares were up about 1.1 percent in extended trading to $53.91, slightly below Musk’s offer price.
