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Las twitter shares will be suspended from trading on Friday, according to the New York Stock Exchange website, while Elon Musk faces the deadline of October 28 – set by a court – to close the purchase of the social network in 44,000 million dollars.
Musk, the world’s richest person, visited Twitter’s headquarters in San Francisco on Wednesday and hinted that he was the company’s chief executive after updating his profile bio to “Chief Twit.”
Reuters reported on Tuesday that equity investors, including Sequoia Capital, Binance, the Qatar Investment Authority and others, had received the necessary documents from Musk’s lawyers to commit the funding.
Completion of the deal would mark the end of a lawsuit from Twitter, which, along with investors, now expects the deal to be completed on its original terms of $54.20 per share.
Shares of Twitter were up about 1% at $53.94 in early trading on Thursday.
The stock is up nearly 65% from a four-month low in July.
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