News > Elon Musk Seeks Alternative Options To Finance Twitter Deal

Elon Musk Seeks Alternative Options To Finance Twitter Deal

BusinessWorld | 03/05/2022 09:17 AM | Click to read full article

Elon Musk is in talks with large investment firms and high net-worth individuals about taking on more financing for his $44 billion acquisition of Twitter Inc and tying up less of his wealth in the deal.

The new financing, which could come in the form of preferred or common equity, could reduce the $21 billion cash contribution that Musk has committed to the deal as well as a margin loan he secured against his Tesla shares.