How Elon Musk is generating money for Twitter takeover? Tesla CEO has done this
Published on May 01, 2022 07:29 am IST
Elon Musk disclosed an additional $4.5 billion worth of Tesla Inc. stock sales in new regulatory filings, bringing the total he’s disposed of in the wake of his deal to buy Twitter Inc. to more than $8.5 billion. San Francisco-based Twitter announced Monday that it had agreed to be bought by Musk for $54.20 a share, or about $44 billion. The Twitter deal is poised to be one of the biggest leveraged buyouts in history, with Musk arranging $25.5 billion of debt and margin-loan financing from lenders including Morgan Stanley. If it were to fall apart, the party breaking up the agreement would be required to pay a termination fee of $1 billion. Watch this report for more.
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