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'Overpaying' Musk on deadline to close Twitter deal
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A user displays the Twitter account of Elon Musk on a smartphone against a photo of Musk in the background on April 14 in Washington, DC. (AFP/Olivier Douliery)
E
lon Musk looks set to meet a Friday deadline to seal his on-again, off-again deal to buy Twitter, avoiding a trial over the $44 billion contract that he admits is overpriced.
After he sought to terminate the sale, Twitter filed a lawsuit to hold Musk to the agreement he inked in April to purchase the social media giant.
With a trial looming, the unpredictable billionaire capitulated and revived his takeover plan.
Musk signaled the deal was on track Wednesday by changing his Twitter profile to "Chief Twit" and posting a video of himself walking into the company's California headquarters carrying a sink.
"Let that sink in!" he quipped.
"I think on Friday, we'll get an announcement that says that Elon Musk has purchased Twitter," University of California, Berkeley, law professor Adam Badawi told AFP.
Musk, the world's richest man, has reportedly been lining up financing since Delaware Judge Kathaleen McCormick paused litigation on October 6.
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