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As I understand it, the financing is $13 billion in money from banks as a loan ~$4 billion in pre-owned Twitter stock (he doesn't have to pay himself) ~$7-8 bi
by HWR_14 4y ago
As I understand it, the financing is
$13 billion in money from banks as a loan
~$4 billion in pre-owned Twitter stock (he doesn't have to pay himself)
~$7-8 billion in commitments from other investors (Ellison, a16z, the Bitnance CEO etc.)
~$8-10 billion in TSLA stock he sold in like May when he announced the purchase at $900-$1000/share when he said it was specifically to buy TWTR
~$1 billion in a major investor (I don't recall whether it was a specific Saudi businessman or the Saudi investment fund or the royal family directly) asking to keep his ownership of the company and trade out the shares for teh new compnay shares
That still leaves ~$9-11 billion unaccounted for in a very public fashion. At one point, Merrill had promised him a $12.5 billion margin loan backed by his Tesla shares. He claimed not to need it (and removed it from being a contingency on the deal a while ago). Or maybe he secretly used it. It's less than 5% of his net worth, so it seems reasonable to assume he can get or borrow it easily.