ENDLESS TWITTER THREAD

Funders of Musk’s Proposed Twitter Buyout Have Bailed on Him

A day after Elon Musk announced his intention to buy Twitter after all and avert a trial, a private equity firm set to finance part of the deal has reportedly backed out.

Just a day after Elon Musk announced his intention to complete his purchase of Twitter, a group that intended to provide $1 billion earlier this year to fund his proposed buyout has reportedly stepped away from the deal. The tumultuous buyout has seen several twists and turns since Musk struck a deal with the social media company to purchase it for $44 billion in April. In July, Twitter sued Musk for trying to walk back the deal, and the trial was set to begin later this month. Musk has yet to publicly comment on the latest developments, but given his proclivity to air out his every thought on Twitter, an official statement should arrive soon enough.