Elon Musk Raises $7.14 B More For Twitter Bid
Elon Musk has disclosed a group of investors that together will provide about $7.14 billion in financing buyout of Twitter.
And said he’s talking to Twitter founder Jack Dorsey about sticking around as part owner.
Musk’s talks with Dorsey and some other Twitter stockholders are ongoing..
about the possibility of their contributing shares of common stock to retain an equity investment following the merger, which will take the company private.
Musk’s filing noted that he may still continue to receive additional financing commitments..
that would replace portions of the financing commitments previously announced.
The billionaire Tesla founder had initially raised $21 billion himself to help finance his bid.
Musk owns more than 73 million shares, or about a 9.3% stake.
Twitter’s board agreed last month to accept his offer to buy the social media platform. The deal is expected to close this year.
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