Elon Musk is getting a little help from his friends for his $44 billion Twitter takeover. According to an SEC filing Thursday, Musk has secured $7.14 billion in financing commitments, including $1 …
. Ellison, co-founder of software giant Oracle, also sits on the board of Tesla, which Musk heads as CEO.Twitter
Musk “will continue to have… discussions with certain existing holders” of Twitter stock, including ex-CEO Jack Dorsey to contribute shares toward his bid, according to the filing. Dorsey owns 18 million Twitter shares, representing 2.4% of outstanding shares. According to Musk’s May 5 filing, with the new financing commitments, he has reduced the $12.5 billion margin loans he hadto $6.25 billion. The deal now comprises $27.25 billion in equity financing .
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Elon Musk secures $7.14B from Larry Ellison, others to buy TwitterElon Musk has secured $7.14 billion in funding from a coterie of investors including Oracle’s co-founder Larry Ellison to fund his $44 billion purchase of Twitter. Musk, the world’s ric…
Weiterlesen »
Elon Musk Invited to Discuss $44 Billion Twitter Deal in UK ParliamentU.K. lawmaker Julian Knight sent Musk a letter requesting that he appear in Parliament to discuss his proposal to buy Twitter.
Weiterlesen »
Elon Musk suggests 'slight cost' for Twitter's commercial and government usersElon Musk said that under his ownership, Twitter Inc. may charge 'a slight cost' for commercial and government accounts.
Weiterlesen »
Elon Musk reveals who might have to pay to use Twitter | Digital TrendsAs prospective Twitter owner ElonMusk prepares to take the microblogging service in a new direction, users are keen to know what he plans to do with it.
Weiterlesen »
Elon Musk changes Twitter profile picture to Bored Ape collageThe billionaire Tesla CEO appeared to change his Twitter avatar to a collage of multiple Bored Ape images.
Weiterlesen »
The UK is inviting Elon Musk to discuss his plans for Twitter | EngadgetUK's MPs have sent Musk an invitation to talk, but he isn't legally required to attend..
Weiterlesen »