Elon Musk is once again interested in buying Twitter, and according to reports Twitter purchase agreement It will be finalized by Elon Musk by Friday, October 28.

Elon Musk has reportedly told his backers that the deal to buy Twitter will close by Friday. This news came 21 days after Musk publicly renewed his offer to buy Twitter.

Read more: Elon Musk fired 75% of the Twitter workforce!

Twitter’s purchase contract is finalized

Musk recently claimed that he would cut Twitter’s workforce by 75%. Elon Musk’s Twitter deal is likely to be finalized this time.

According to Bloomberg, Elon Musk announced during a video conference call that the deal to buy Twitter will be finalized on Friday, October 28. Elon Musk’s conference call with banking institutions was made with the aim of providing the necessary funds for the purchase of Twitter. Reports show that Elon Musk has received $13 billion in loans from financial institutions.

The contract to purchase Twitter by Elon Musk will be finalized in the next 3 days

CEO of Tesla and SpaceX It renewed its offer to buy Twitter on October 4. This contract will be finalized with an initial agreed price of 44 billion dollars. The new contract, set on the same terms as the previous one, was finalized after months of wrangling between the two sides.

Elon Musk In the past, he called Twitter a liar. He asked Twitter to prove that less than 5% of its users’ accounts are fake. This led to Elon Musk’s withdrawal from the contract to purchase Twitter. Twitter also filed a billion dollar lawsuit against Elon Musk due to his withdrawal from the contract.

Reports indicate that Musk is planning to significantly reduce Twitter’s workforce. Musk will reduce the number of Twitter employees from 7,000 employees to 2,500. In other words, 75 percent of Twitter’s workforce will be cut.

Elon Musk has not yet commented on the news of the purchase of Twitter. In a Twitter post yesterday, he reiterated the importance of taking a different approach to content moderation and censorship in social networks.

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Source: cryptobriefing

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