Twitter shares will be suspended from trading on Friday, New York Stock Exchange (NYSE) website showed, as billionaire Elon Musk faces a court-ordered deadline of October 28 to close his $44 billion deal to buy The social media a company.
Musk is the world’s richest person on Twitter in San Francisco on Wednesday and hinted that he was leading the company boss After updating his profile to “Chief Twit.”
Reuters reported on On Tuesday, equity investors including Sequoia Capital, Binance and the Qatar Investment Authority received the required paperwork. for Commitment to funding from Musk’s lawyer.
Completion of the deal will result in the termination of a lawsuit by Twitter, which, besides with Investors now expect the deal to be completed on that it original terms of $54.20 each share.
Twitter shares they were up About 1% at $53.94 in early trading on Thursday.
The stock is up nearly 65% from a four-month low hit in July.
