In the picture above, Tesla owner Elon Musk is seen entering a building with a washbasin. This building is the headquarters of Twitter, in the city of San Francisco of America. Musk himself tweeted this video. Along with it is written- 'Entering Twitter HQ – let that sink in!'. Musk wants to say this, understand it, but first look at his tweet...
'let that sink in!'
Musk has a sink in his hand and says- 'Let that sink in!' Simply meant - let the sink in. But, this is an idiom in English. Which is used as advice to understand what is happening in front of someone and accept it calmly.
Musk's purchase of Twitter was heavily criticized, and the deal was hit with a string of hiccups. Making fun of them all, Musk tweeted 'let that sink in!' That is, try to bear what you are seeing. Musk wants to use this phrase and video to show that he has entered Twitter and the staff there should understand this thing correctly.
Elon Musk changed the bio on their Twitter handle
Musk has also changed the bio of the Twitter handle. He wrote 'Chief twit' in the bio. According to experts, the deal between Musk and Twitter can be completed by Friday.
2 big developments in the last 3 days
1) According to a Bloomberg report, Musk had a meeting with bankers on a video conference call on Monday. It promised to close the Twitter deal.
2) Other banks including Morgan Stanley and Bank of America doing $13 billion debt financing are in the process of signing the documents. This is the last process of sending cash to Musk. Musk can get this cash by Thursday.
Also understand, how the Twitter deal started and where it got entangled
On April 14, Elon Musk offered to buy Twitter for $43 billion. Musk said he was offering to buy a 100% stake in Twitter at $54.20 per share at a 54% premium to the rate the day before he started investing. This offer is my best and last. If this is not approved, I will need to rethink my position as a shareholder.
Musk owns a 9.2% stake in Twitter. Its information was revealed on 4 April. Musk may have offered $43 billion in the initial filing, but after Twitter approved the deal, this figure reached $44 billion. However, Musk later said that he was canceling the deal due to a lack of accurate information about the spam account.
Musk gets the deadline till Friday
After canceling the deal, Twitter reached the court. The Delaware court put the deal on hold until October 28 and said it would resume hearings if it didn't work out.
Musk held a meeting with bankers, and said- plan to close the deal by Friday
Elon Musk, the world's richest businessman, may close the Twitter deal by Friday. According to a Bloomberg report, Musk promised to close the deal with bankers on a video conference call on Monday. The move is the clearest sign yet that Musk wants to comply with a Delaware court judge's deadline to close the deal.
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