‘Plot Twist!’: Musk’s Deal for Twitter Lurches Toward a Close
The billionaire and his bankers have until Oct. 28 to complete transaction he fought to abandon
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Elon Musk is running out of ways to evade his original $44 billion contract to buy Twitter Inc.
The world’s richest man, who was in a rush to acquire the social network in April and then abruptly soured on the deal, spent months trying to exit the obligation entirely. In recent weeks, both sides discussed a price that was about $4 below the $54.20 per-share accord, but couldn’t agree on additional terms, according to people familiar with the matter.