Elon Musk told the banks that are partially funding his $44 billion Twitter acquisition that he plans to close the deal by Friday, a deadline set by a Delaware state court judge, as the world’s wealthiest man finally appears set on purchasing the social network after a very public case of buyer’s remorse, according to Bloomberg.
According to Bloomberg, Musk revealed the news to bankers during a video call on Monday, citing sources close to the deal. The primary financiers are Morgan Stanley, Bank of America, and Barclays, with each committing at least $2.5 billion in debt financing for the transaction. According to Bloomberg, the banks will set aside the funds by Thursday. Musk had until Friday to complete the acquisition or face a trial in Delaware’s Chancery Court as part of the company’s lawsuit to force the deal through.