Elon Musk Twitter

The social-media platform is expected to come under Musk's ownership by 5 p.m. New York time on Oct. 28, as lawyers and bankers on both sides race to ...

After Twitter took him to court in Delaware to force his hand, Musk relented and the two sides got back to negotiations. In recent days, Musk’s lawyers have written to investors backing the equity portion of the deal to confirm it’s on track to close by the deadline, one of the people said. Completing the transaction would mark the culmination of a months-long saga that saw Musk amass a big stake in the company, agree to join its board before changing his mind and then embark on a hasty quest to take Twitter private. But nothing had ever been certain with the mercurial Musk, who only weeks ago was seeking to back out of the deal. Banks were expecting a borrowing notice from Musk for $13 billion in debt financing, with the intention of the funds going into escrow Thursday. “For everyone else, this is just the beginning of many meetings and conversations with Elon, and you’ll all hear directly from him on Friday.”