Start United States USA — Financial Elon Musk sends Twitter shares soaring after pledge of more equity

Elon Musk sends Twitter shares soaring after pledge of more equity

21
0
TEILEN

Elon Musk on Wednesday pledged an additional $6.25 billion in equity financing to fund the $44 billion offer for Twitter, reducing the billionaire’s margin loan against his Tesla shares to zero. …
Elon Musk on Wednesday pledged an additional $6.25 billion in equity financing to fund the $44 billion offer for Twitter, reducing the billionaire’s margin loan against his Tesla shares to zero. The disclosure made in a regulatory filing on Wednesday signaled Musk is working to complete the deal even though he had last week linked its progress to Twitter presenting proof that spam bots accounted for less than 5% of the total users.

Continue reading...