Elon Musk promised on a video call with bankers that he will close the Twitter deal by Friday, according to a report

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  • Elon Musk promised bankers he plans to close the Twitter deal by Friday, Bloomberg reported.
  • The publication said the banks are in the process of signing the debt-financing documents.
  • A judge gave Musk until 5 p.m. ET on October 28 to close the deal or face a trial.

Elon Musk promised to close his $44 billion Twitter purchase by Friday in a video call with the banks helping finance the deal, Bloomberg reported on Tuesday.

The banks, which include Morgan Stanley and Bank of America, are in the process of signing the documents for the debt-financing agreement, multiple people with knowledge of the issue told the publication.

Spokespeople for Musk and Twitter did not immediately respond to Insider’s request for comment ahead of publication.

The documents represent one of the last steps in closing the deal. Earlier this month, when Musk said he would purchase the company at its original price after months of litigation, Twitter said it would not accept the offer until the billionaire could prove financing was in place.

Insider’s Kali Hays previously reported that the deal was on track to close on Friday, citing two people familiar with the agreement. Though insiders said what will happen after the deal closes is less clear as Musk has indicated he has big plans to change the social media company.

Musk has until the end of the work week to close the deal and avoid a trial. Earlier this month, the Delaware judge overseeing the court case gave the two parties until 5 p.m. ET on October 28 to agree to a new deal or the case will resume in a five-day trial in November.

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