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https://en.wikipedia.org/wiki/Acquisition_of_Twitter_by_Elon_Musk#Takeover_bid https://en.wikipedia.org/wiki/Acquisition_of_Twitter_by_Elon...: “On April 20, M
by Someone 3y ago
https://en.wikipedia.org/wiki/Acquisition_of_Twitter_by_Elon_Musk#Takeover_bid https://en.wikipedia.org/wiki/Acquisition_of_Twitter_by_Elon...:
“On April 20, Musk disclosed that he had secured financing provided by a group of banks led by Morgan Stanley, Bank of America, Barclays, MUFG, Société Générale, Mizuho Bank, and BNP Paribas, for a potential tender offer to acquire the company.[30][31] The funding included $7 billion of senior secured bank loans; $6 billion in subordinated debt; $6.25 billion in bank loans to Musk personally, secured by $62.5 billion of his Tesla stock; $20 billion in cash equity from Musk, to be provided by sales of Tesla stock and other assets; and $7.1 billion in equity from 19 independent investors.“
So, about 56% was Musk’s money and, if I’m understanding that correcly, 28% Twitter’s, 16% independent investors.
- rsynnott 3y agoImagine being the person at one of those banks who signed off on this.