Posted on 06/21/22
| News Source: FOX Business
The deal, which is currently expected to close in 2022, would take Twitter private at $54.20 per share.
The filing comes as Musk said in an interview at the Qatar Economic Forum that shareholder approval was one of three "unresolved matters" that stands in the way of the deal.
In addition to shareholder approval, Musk said that debt financing for the deal would need to come together. The billionaire has pledged $33.5 billion in equity financing and has received commitments from Morgan Stanley Senior Funding Inc. and the other financial institutions for up to $13 billion in debt financing.