Twitter jumps after Musk increases commitment in takeover bid to $33.5 billion, in talks for other funding

Summary by Ground News

Elon Musk has increased the personal stake he's throwing down to acquire Twitter to $33.5 billion. The documents also say the Tesla CEO is in talks with Twitter co-founder and former CEO Jack Dorsey. Twitter has been in a state of turmoil since Musk about a month ago said he wanted to buy the social media platform and take it private.

1 month ago·S F, United States

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Times of India

musk: Elon Musk to provide $6.25 billion more in equity to fund Twitter deal

Elon Musk on Wednesday pledged an additional $6.25 billion in equity financing to fund the $44-billion offer for Twitter Inc, reducing the billionaire's margin loan against his Tesla Inc shares to zero.

1 month ago·Mumbai, India

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Reuters

Musk pledges more equity to fund Twitter deal, scraps margin loan

Elon Musk 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.

1 month ago·United Kingdom

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News18 India

Elon Musk Pledges $6.25 Billion Equity Financing to Buy Twitter, Scraps Margin Loan

Elon Musk said on Wednesday he was also in talks with shareholders, including Jack Dorsey, for additional financing commitments to fund the deal.

1 month ago·India

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NDTV

Elon Musk To Provide $6.25 Billion More In Equity To Fund Twitter Deal

Elon Musk has committed to provide an additional $6.25 billion in equity financing to fund a portion of the $44-billion deal to buy Twitter Inc, a regulatory filing showed on Wednesday.

1 month ago·New Delhi, India

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Sydney Morning Herald

Elon Musk revises Twitter financing plan; shares jump on hopes for the deal

The adjusted financing plan has raised investor hopes that the unpredictable billionaire still intends to pull off the $62 billion takeover.

1 month ago·Sydney, Australia

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IBTimes

Filing Says Elon Musk To Borrow Less In Twitter Bid

Elon Musk notified US regulators on Wednesday that he will rely less on loans in his bid to buy Twitter, as he and partners put $33.5 billion into the deal. Twitter shares climbed more than 5 percent on the news, as the market evidently took it as a sign the acquisition is moving forward despite Musk declaring it on "hold" due to his concerns about the number of accounts that might be software "bots" instead of real people.

1 month ago·United States

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