Baron’s firm committed $100 million in equity to support Musk’s takeover plans, a new filing revealed Thursday.
Ron Baron, one of Tesla’s largest shareholders and CEO of Baron Capital, suggested Thursday that Musk got a good deal on his Twitter acquisition, after earlier calling the Tesla CEO’s involvement in the company » meaningless.» In a statement to CNBC’s Becky Quick, Baron said that, after doing two days worth of initial diligence, he felt the plan was interesting. «My guess 2-3x return or more next 4-5 years if successful,» Baron told Quick. «Purchase price really cheap since business had been so poorly run.
