Banks have reportedly begun the process of turning over cash to Tesla CEO Elon Musk as part of his plan to take the company private.

Banks have reportedly begun the process of turning over cash to Tesla CEO Elon Musk as part of his plan to take the company private.

Banks that pledged to support Elon Musk's takeover of Twitter have reportedly started turning over a combined $13 billion for the deal to be sealed. This is

Tesla CEO Elon Musk has announced that he is selling all of his possessions and moving to Mars. In a series of tweets

The Tesla chief executive officer, Elon Musk, has sent borrowing notices to banks, officially commencing the process of completing his $44 billion takeover of Twitter, the Wall Street Journal (WSJ) reported Wednesday. Musk's takeover of Twitter would be the largest ever acquisition of a social media company

People familiar with the situation have reportedly told the Wall Street Journal that banks have started sending cash for Tesla's proposed takeover of Twitter, prompting speculation that the deal is nearing its completion. These individuals have explained that, once final conditions regarding debt contracts are met, the funds will be available to Tesla CEO Elon Musk so he can close the deal by the

Twitter has confirmed that it is in talks to be acquired by electric car maker Tesla. In an internal message reviewed by The Wall Street Journal, Twitter told

SpaceX founder Elon Musk visited Twitter's headquarters Wednesday, carrying a sink with him. "Entering Twitter HQ – let that sink in!" he captioned the post. In the video, Musk can be

Elon Musk, the CEO of Tesla and SpaceX, has changed his Twitter bio to "Chief Twit" and added "Twitter HQ" as his location. He also said he was meeting "

The trial between Twitter and Elon Musk has been postponed until Friday, giving the Tesla CEO one last chance to complete his acquisition of the social media company. If Musk fails to complete the acquisition by Friday, the trial will

Earlier this month, an investor at one of the venture capital entities that promised to back the Twitter takeover said that many investors believe Twitter should not be valued at $44 billion. The investor went on to say that they are "all trying to get out of it

It is yet to be seen how the venture capital organisations,which had pledged to invest in Musk's Twitter acquisition, will move following the recent developments regarding banks' turnovers for the deal.

Meanwhile, the mass exodus of Twitter employees continues as recent data revealed that hundreds of staffers have left the company to join other tech giants following reports that Tesla and SpaceX CEO Elon Musk is planning to cut 75% of the total workforce once he completes the takeover.

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