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Wednesday, April 27, 2022

JUST WHO IS FINANCING ELON MUSK'S PURCHASE OF TWITTER? AND WHY?

Musk's purchase of Twitter is not as straightforward as you may think. Apparently he only has a few billion in ready cash coz everything is invested elsewhere, so it's not like he got his wallet out and slapped down $46 billion in cash. The purchase is a leveraged buy out with many Wall Street banks and firms involved in loans. So just how much say they have in the policies of Twitter 2.0 is up for debate, possibly on Twitter itself!

From : What is Morgan Stanley smoking in Twitter LBO?

Musk’s budding takeover became less flaky last week after he unveiled a $46.5 billion funding package. Morgan Stanley and others are lending the Tesla boss $12.5 billion secured against his stock in the electric-car maker read more . The Wall Street firm has also put together loans and a credit line worth $13 billion with Bank of America (BAC.N), Barclays (BARC.L) and others. The social media company may announce on Monday that it has accepted Musk’s offer, Reuters reported read more .

 

 

 

 

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