Twitter gets a visit from Elon Musk just before the $44 billion deal is almost done

He wrote: “I’m walking into Twitter HQ – let this sink in!” A judge said Mr Musk, who is 51 and the world’s richest man, had until Friday to complete the Twitter purchase. Three Twitter employees, who spoke on condition of anonymity, said he is likely to attend several meetings at the social media company this week.

Employees and a note from Leslie Berland, the company’s chief marketing officer, said he will also speak with Twitter employees on Friday. When asked for comment, a Twitter representative did not immediately respond.

Mr. Musk’s visit to Twitter’s office suggested that after a long and volatile few months, he plans to close the deal. In April, the rich man agreed to buy Twitter. After a few weeks he seemed to regret his choice and tried to get out of it. Twitter sue him to make him abide by the terms of the deal.

The trial is due to take place this month. Mr. Musk then changed his mind again and recommitted to the purchase. The judge in the Delaware Chancery Court case adjourned the trial and rescheduled it October 28 as a deadline for concluding the transaction.

Mr. Musk said he would change Twitter by taking it private, cutting jobs and helping the subscription business grow. He said he was a “free speech absolutist” and wanted to change the rules on how content is moderated on the service, including lifting the ban on former President Donald J. Trump.

He also said Twitter should become an “everything app” like China’s WeChat app, which is used for social media, instant messaging and mobile payments. Mr. Musk has spent the past three weeks working out the details of how he will pay for the deal, which includes borrowed $12.5 billion from Wall Street banks.

Most of the time, investment banks sell the debt they created for such deals to reduce the amount of risk on their balance sheets. Two people familiar with the situation said they are keeping the debt on their balance sheets for now because of how quickly Mr. Musk is working to close the deal and how bad the market is for that type of debt.

Some of Twitter’s 7,500 employees are on edge because there is so much uncertainty surrounding the deal. Last week, the company tried to calm the fears of its employees after it was said Mr Musk plans to fire up to 75% of them.

Twitter has told employees it has no plans to lay off anyone, but that it can’t say what Elon Musk might do. People who want to keep working at the company while Mr. Musk is at the helm also worry that their pay could change.

As part of his deal to buy Twitter, Mr. Musk agreed that instead of giving employees stock options, he would give them cash bonuses on a regular basis. But because Mr. Musk has changed his mind about other parts of the business deals, some officials worry that the billionaire may not pay what he said he would.

In June, Mr. Musk held his last question-and-answer session with Twitter employees. “I want Twitter to contribute to a better, long-lasting civilization where we better understand the nature of reality,” he said at that meeting.

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