The saga won't end until he wins or loses.
And on Wednesday, Musk rolled out his plan of action for the $46.5 billion in loans that will enable him to muster the total buyout of Twitter, inNotably, it turns out that Musk himself is covering only $21 billion of the prospective buy — with the remaining $25.5 billion covered by a series of loans from Morgan Stanley Senior Funding.
But it seems Musk hasn't listed any equity partners to help him carry the financial load of not only his $21 billion, or even the greater $25.5-billion loan.of Twitter in stocks — collectively valued at roughly $2.9 billion.
While no official reply has been given so far, a Twitter spokesperson did say that it had received Musk's proposed buyout, and is making a"careful, comprehensive" review.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Elon Musk buying Twitter could have 'grave implications' for civil rights, says Urban LeagueMusk hopes to transform Twitter with few free speech restrictions, a move that could threaten civil rights, the National Urban League said.
Read more »
Elon Musk Shouldn't Lead TwitterThere are a lot of things ElonMusk could do to fix Twitter – like clearing away crypto scams. But, maybe, he should give the platform to its users. Opinion by danielgkuhn for 'The Node' newsletter.
Read more »
Elon Musk reportedly setting up move for Twitter within 10 daysTesla CEO Elon Musk is willing to invest up to $15 billion of his own cash to take Twitter private and will make a bid within 10 days, according to Tuesday reports.
Read more »
Twitter shareholders should sue over ‘poison pill’ plot to foil Elon MuskRisking economic poison for its own shareholders, Twitter is taking an imprudent stand against Elon Musk. Why?
Read more »
How Could Elon Musk Possibly Just Buy Twitter?Taking Twitter private isn’t as simple as forking over a very large bag of money.
Read more »