Twitter shares, which ended the day down 3.7%, rose 2.7% in after-hours trade.
Musk was scheduled to go to trial on October 17 and his Thursday deposition was postponed by mutual agreement. Musk said in a Thursday court filing banks are working cooperatively to fund the deal but that he needed more time, arguing a brief delay was still preferable to the months it would take to go through a trial and appeal.
Major banks that committed to fund $12.5 billion, or about 28% of the deal, could be facing hefty losses as the swift pace of interest rate hikes has ratcheted up market volatility and dampened appetite for leveraged financing.
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