Tesla CEO Elon Musk on Wednesday posted a video of himself entering Twitter’s San Francisco headquarters with a bathroom sink amid reports he’s looking to complete the $44 billion acquisition of the social media firm by the end of this week.
The billionaire has until Friday to close the Twitter deal after a judge overseeing the Court of Chancery in Delaware gave Musk and Twitter until 5 p.m. ET on Oct. 28 to agree to a new deal or resume the case. Then, a trial would be scheduled for November, the judge ruled this month.
It comes as Twitter Chief Marketing Officer and Head of People Leslie Berland reportedly sent out an email to employees that Musk would come to the San Francisco headquarters.
“Elon is in the SF office this week meeting with folks, walking the halls, and continuing to dive into the important work you all do. If you’re in SF and see him around, say hi! For everyone else, this is just the beginning of many meetings and conversations with Elon, and you'll all hear directly from him on Friday,” the message read, according to multiple news reports.
“Elon Musk’s plan to lay off 75 percent of Twitter workers will hurt Twitter’s ability to serve the public conversation,” said the letter, it was reported. “A threat of this magnitude is reckless, undermines our users’ and customers’ trust in our platform, and is a transparent act of worker intimidation.”
As of Wednesday afternoon, shares of Twitter increased by about 1 percent to $53.35.
Earlier this month, Musk proposed to proceed with his original $44 billion bid, calling for an end to a lawsuit by the social media company that could have forced him to pay up, sending Twitter shares 24 percent higher at the time
“Wall Street is motivated to curry favor with Musk,” said Jason Benowitz, senior portfolio manager at The Roosevelt Investment Group LLC.
He added: “Elon Musk leads significant businesses including Tesla, SpaceX, and soon, Twitter ... that may require substantial capital raises in the future. If SpaceX were to one day have an initial public offering it would be a flagship deal for the investment banking industry.”
