Twitter shares to be suspended on NYSE as Musk nears takeover

Twitter Inc shares will not trade on Friday, according to the New York Stock Exchange. Elon Musk

a billionaire, has been given a Oct. 28 deadline by a court to close his $44 million deal to purchase the social media company.

Musk, the richest person in the world, visited Twitter's San Francisco headquarters on Wednesday.

He hinted that he was the company’s top boss after changing his profile bio to "Chief TWIT".

Reuters reported Tuesday that Musk's lawyers had provided the paperwork necessary to finance the commitment of equityinvestors,

including Sequoia Capital and Binance as well as Qatar Investment Authority.

Twitter shares rose by 1% to $53.94 during early trading on Thursday Nearly 65% has been achieved since July's four-month low.

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