New Delhi: After changing his Twitter profile to refer himself as Chief Twit and location as Twitter headquarters on Wednesday, Elon Musk entered San Francisco-based Twitter HQ carrying a sink through a lobby area saying ‘let that sink in!’
A court has given Musk until Friday to close his April agreement to acquire the company after he earlier tried to back out of the deal.
Neither Musk nor Twitter has said if the deal is closed yet.
Despite Musk's splashy entry to headquarters, it wasn't clear yet whether his purchase of Twitter had been finalised.
Twitter confirmed that Musk's video tweet was real but wouldn't comment further.
In a memo to staffers, Twitter chief marketing officer Leslie Berland revealed that Musk would be on site at the company’s headquarters throughout the week. Musk is also expected to personally address employees on Friday.
“Elon is in the SF office this week meeting with folks, walking the halls, and continuing to dive in on the important work you all do,” Berland wrote in the memo, according to Bloomberg. “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 Washington Post reported last week that Musk told prospective investors that he plans to cut three quarters of Twitter's 7,500 workers when he becomes owner of the company.
The newspaper cited documents and unnamed sources familiar with the deliberation.
One of Musk's biggest obstacles to closing the deal was keeping in place the financing pledged roughly six months ago.
Musk’s co-investors, including Oracle co-founder Larry Ellison and Saudi Prince Alwaleed bin Talal, are chipping in with $7.1 billion toward the purchase price. Meanwhile, banks such as Morgan Stanley and Bank of America have committed $13 billion in debt financing toward the deal.
The more equity investors kick in for the deal, the less Musk has to pay on his own.
Most of his wealth is tied up in shares of Tesla, the electric car company that he runs. Since April, he has sold more than 15 billion worth of Tesla stock, presumably to pay his share. More sales could be coming.
The billionaire has pledged to lead an overhaul at Twitter with an emphasis on free speech. Musk has also hinted that his Twitter takeover will facilitate his plans to build a “super app” called X, with functionality likely similar to China-based app WeChat.
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