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$7.1 billion in equity from 19 independent investors. $20 billion cash from Musk, $6.25 billion in personal bank loans to Musk (he is hooking his Tesla stocks)
by Nokinside 4y ago
$7.1 billion in equity from 19 independent investors.
$20 billion cash from Musk, $6.25 billion in personal bank loans to Musk (he is hooking his Tesla stocks)
Rest is senior secured bank loans and subordinated debt loaned against Twitter stock. The cost of the debt is about $1 billion per year if I remember correctly.
- res0nat0r 4y agohttps://twitter.com/oneunderscore__/status/1577346886360506368?s=20 https://twitter.com/oneunderscore__/status/15773468863605063... > In conclusion, Elon Musk's Twitter purchase will have to be heavily financed by someone else in order for him to complete it. > In May, according to an SEC filing, Musk's Twitter buy was most heavily subsidized by Saudi Prince Al Waleed bin Talal Al Saud Not a great sign for activists using Twitter speaking out against the Saudi government, just based on what has happened already in the past.