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Twitter to close Musk deal under previously agreed terms – JPMorgan exec By Stocksak


© Stocksak. FILEPHOTO: This illustration, August 10, 2022, features Elon Musk’s photo, Twitter logos, as well as U.S. Dollar banknotes. REUTERS/Dado Ruvic/Illustration

NEW YORK (Stocksak) – Twitter plans to close its deal with billionaire Elon Musk on previously agreed price and terms, Anu Aiyengar, global co-head of mergers and acquisitions at JPMorgan Chase & Co (NYSE:), told a conference in New York.

Musk suggested earlier this month that he proceed with his original $44billion bid, calling for an ending to a lawsuit brought by the social media giant that could have forced Musk into bankruptcy.

Twitter’s financial advisors are JPMorgan and Goldman Sachs (NYSE :).

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