3 ms·

didnt elon get a loan from a saudi crownprince and paying interest of around a billion$ per year?

• VectorLock 4y ago
  We know what they do with journalists that tick them off, I shudder to think what they'd do to someone who doesn't repay their debts...
  • JshWright 4y ago
    Someone who owes you a debt is useful. A journalist who is shining light on things you'd prefer to keep hidden is not useful at all.
    • VectorLock 4y ago
      There are, some say, things worse than death.
• s1artibartfast 4y ago
  No to both. The crown prince already owned a large stake of twitter, and decided to maintain ownership stake after the buyout. They are still a shareholder, like before, not a loan holder. https://www.forbes.com/sites/mattdurot/2022/10/31/saudi-prince-alwaleed-becomes-twitters-second-largest-shareholder/?sh=1c6c7072523a https://www.forbes.com/sites/mattdurot/2022/10/31/saudi-prin...
  • DesiLurker 4y ago
    financing table at the end says otherwise: https://danluu.com/elon-twitter-texts/#47 https://danluu.com/elon-twitter-texts/#47
    • s1artibartfast 4y ago
      The table is wrong. If you click the link to the actual SEC filing, it says otherwise. Alwaleed put stock, not cash towards the purchase and will "retain an equity investment in Twitter following completion of the Merger" https://www.sec.gov/Archives/edgar/data/1418091/000110465922056055/tm2214608-1_sc13da.htm https://www.sec.gov/Archives/edgar/data/1418091/000110465922...
    • kristjansson 4y ago
      No it doesn't, that table (from [0]) lists equity investors, not lenders. > Each Equity Investor listed in the following table has committed to contribute to Parent, at or immediately prior to the closing of the Merger and subject to the conditions set forth in the Co-Investor Equity Commitment Letters, cash in the amount set forth opposite such Equity Investor’s name in the following table in order to fund a portion of the Merger Consideration contemplated by the Merger Agreement. Certain Equity Investors have retained an option to satisfy such Equity Investor’s equity commitment with shares of Common Stock held by such Equity Investor (valued at $54.20 per share). [0]: https://www.sec.gov/Archives/edgar/data/1418091/000110465922056055/tm2214608-1_sc13da.htm https://www.sec.gov/Archives/edgar/data/1418091/000110465922...