[ad_1]
Elon Musk is in talks with large investment firms and high net-worth individuals about taking on more financing for his $44 billion acquisition of Twitter Inc and tying up less of his wealth in the deal, people familiar with the matter said.
Musk is the world’s richest person, with Forbes estimating his net worth at about $245 billion. Yet most of his wealth is tied up in the shares of Tesla Inc, the electric car maker he leads. Last week, Musk disclosed he sold $8.5 billion worth of Tesla stock following his agreement to buy Twitter.
The new financing, which could come in the form of preferred or common equity, could reduce the $21 billion cash contribution that Musk has committed to the deal as well as a margin loan he secured against his Tesla shares, the sources said.
The banks that agreed last month to provide $13 billion in loans based on Twitter’s business balked at offering more debt for Musk’s acquisition given the San Francisco-based company’s limited cash flow, Reuters reported last month.
Musk has also pledged some of his Tesla shares to banks to arrange a $12.5 billion margin loan to help fund the deal. He may seek to trim the size of the margin loan based on the new investor interest in the deal financing, one of the sources said.
Major investors such as private equity firms, hedge funds and high net-worth individuals are in talks with Musk about providing preferred equity financing for the acquisition, the sources said. Preferred equity would pay a fixed dividend from Twitter, in the same way that a bond or a loan pays regular interest but would appreciate in line with the equity value of the company.
Apollo Global Management Inc and Ares Management Corp are among the private equity firms that have been in talks about providing the financing, the sources added.
Musk is still deciding whether he will have partners team up with him in writing the equity check needed for the deal, the sources said. Musk is not seeking to take on more debt for the Twitter deal currently, the sources added.
Musk has also been in talks with some of Twitter’s major shareholders about the possibility of them rolling their stake into the deal rather than cashing out, one of the sources said. Former Twitter Chief Executive and current board member Jack Dorsey is examining whether he will roll his take, one source added.
Large institutional investors, such as Fidelity, are also in talks about rolling over their stake, according to the source.
Musk has tweeted that he would try to keep as many investors in Twitter as possible as he takes the company private.
The sources requested anonymity because the matter is confidential. Musk, Dorsey, Fidelity, Apollo and Ares did not respond to requests for comment.
TESLA SHARES RALLY
Tesla shares ended trading on Monday in New York up 3.7% at $902.94. Wedbush Securities managing director Dan Ives said the news helped ease investors’ concerns that Musk was relying too much on his Tesla shares for the Twitter deal financing.
“This is big if it materializes as we believe the Twitter deal has been a $100+ per share overhang on Tesla’s stock due to the Musk financing concerns,” Ives tweeted.
Investors have been fretting over whether Musk will complete the Twitter deal given that he has backtracked in the past. In April, he decided at the last minute not to take up a seat on Twitter’s board. In 2018, Musk tweeted that there was “funding secured” for a $72 billion deal to take Tesla private but did not move ahead with an offer.
Twitter shares ended trading up 0.2% at $49.14 in New York on Monday, closer to the $54.20 per share acquisition price, as investors interpreted the news on the new financing discussions as making it slightly more likely that the deal will close.
Musk would have to pay a $1 billion termination fee to Twitter if he walked away, and the social media company could also sue him to complete the deal.
Musk, who calls himself a free speech absolutist, has criticized Twitter’s moderation policies. He wants Twitter’s algorithm for prioritizing tweets to be public and objects to giving too much power on the service to corporations that advertise.
[ad_2]
Source link
Physicians should consider phospholipidosis as a possible cause of renal injury in patients with underlying connective tissue disorders who are receiving chloroquine best site to buy cialis online
An antral follicle count test is one snapshot of your fertility in a moment in time, not the whole picture buy cialis 5mg
Combination therapy of both agents has not been investigated in vitro and in vivo buy cialis online from india
buy priligy generic 038 PMID 23880474
Bruno, USA 2022 04 30 11 31 01 viagra side effects alcohol Department of Community Health Sciences, University of Calgary, Calgary, Alberta, Canada
Cervical fibroid polyp is usually diagnosed on speculum examination order cialis online PMID 32236899 Free PMC article
strongest over the counter allergy prescription allergy medicine list what is allergy medicine called
stomach cramps quick medicine order clozapine 100mg online
order generic amoxicillin order amoxicillin 1000mg sale buy amoxil paypal
strong natural sleeping pills modafinil 200mg us
zithromax us order zithromax 250mg buy azithromycin for sale
buy generic gabapentin 800mg neurontin 600mg canada
order azithromycin 500mg generic buy cheap generic azithromycin azithromycin 500mg generic
furosemide cost order furosemide 100mg
order prednisolone 10mg without prescription buy prednisolone 10mg pill buy omnacortil sale
order amoxil online cheap buy amoxicillin paypal amoxicillin 1000mg cost
order doxycycline pills order doxycycline 100mg generic
buy albuterol paypal buy albuterol for sale purchase ventolin pills
augmentin 1000mg cheap augmentin 375mg brand
levitra 20mg cheap cost vardenafil 20mg
tizanidine 2mg over the counter order tizanidine 2mg without prescription zanaflex ca
buy prednisone 40mg generic deltasone pills order deltasone 10mg for sale
buy rybelsus 14mg without prescription purchase semaglutide pill buy rybelsus 14mg online
semaglutide 14 mg for sale cost semaglutide 14 mg rybelsus 14mg without prescription
brand amoxil 500mg order generic amoxil 250mg amoxicillin 500mg usa
buy albuterol without prescription albuterol tablet purchase albuterol inhalator without prescription
purchase azithromycin without prescription purchase azithromycin online cheap zithromax 250mg sale
buy augmentin 375mg sale buy augmentin 375mg augmentin generic
order generic prednisolone 20mg buy omnacortil without prescription prednisolone pills
levothroid price cheap synthroid for sale levothroid order online
clomid 100mg canada clomid oral buy clomid without prescription
purchase furosemide buy lasix 40mg pills buy furosemide for sale
order viagra online cheap sildenafil 100mg ca real viagra sites
acticlate pills buy monodox pills monodox online order
order semaglutide 14 mg pills rybelsus over the counter buy semaglutide pills
casino card games online blackjack for real money usa live dealer blackjack
buy vardenafil vardenafil 20mg canada levitra over the counter
buy lyrica 75mg generic lyrica brand purchase pregabalin for sale
hydroxychloroquine 400mg usa buy hydroxychloroquine 400mg without prescription order plaquenil online cheap
tadalafil 10mg tablet order generic cialis 5mg order tadalafil 10mg pill
purchase loratadine pill order loratadine 10mg pills cost claritin 10mg
cheap chloroquine 250mg buy chloroquine online cheap brand chloroquine 250mg
priligy 90mg cheap order priligy 60mg pill cytotec 200mcg price
buy glucophage 500mg without prescription glycomet 1000mg without prescription glycomet 500mg cheap
purchase orlistat online order diltiazem 180mg without prescription purchase diltiazem online cheap
buy atorvastatin 10mg without prescription oral lipitor 80mg atorvastatin 20mg usa
acyclovir 400mg tablet allopurinol oral order allopurinol pills
buy generic amlodipine for sale buy amlodipine pills norvasc pill
order lisinopril 5mg without prescription buy zestril 10mg online cheap lisinopril 2.5mg canada
order metoprolol 50mg pill order lopressor 50mg for sale order lopressor 50mg generic
tenormin 100mg brand order tenormin 100mg buy tenormin 50mg online cheap
methylprednisolone brand name buy medrol without prescription buy medrol generic
purchase inderal generic inderal 10mg us oral clopidogrel 75mg
write essays for money help me write a research paper purchase term paper
methotrexate 2.5mg pill brand coumadin 5mg buy medex without prescription
buy mobic order meloxicam 15mg pill celecoxib 100mg without prescription
generic reglan 10mg buy metoclopramide online buy cozaar sale
where can i buy nexium order topamax 100mg online cheap cost topiramate
buy generic flomax over the counter order flomax 0.4mg generic buy celebrex 100mg generic
order ondansetron without prescription cheap ondansetron order spironolactone 25mg online
imitrex 25mg pill imitrex 50mg tablet buy levofloxacin 250mg sale
simvastatin order simvastatin brand valtrex usa
buy ampicillin for sale buy vibra-tabs online cheap buy amoxicillin no prescription
buy cipro 1000mg – buy cheap generic cephalexin buy generic augmentin
cipro over the counter – order keflex 500mg pills buy clavulanate pills
stromectol – order amoxiclav generic order sumycin 250mg generic
order valacyclovir 500mg – buy nemazole for sale order acyclovir 400mg online
cheap acillin monodox us oral amoxicillin
buy lasix generic – buy lasix generic diuretic order capoten 25 mg online cheap
glucophage over the counter – buy sulfamethoxazole pill lincocin 500 mg cheap
buy zidovudine 300 mg sale – zyloprim drug allopurinol price
buy clozapine 100mg without prescription – frumil 5mg usa purchase pepcid without prescription
quetiapine online – oral luvox 50mg buy eskalith pills
anafranil without prescription – cost remeron buy doxepin 75mg pills
buy atarax sale – purchase atarax without prescription buy amitriptyline 25mg pill
amoxiclav generic – ciprofloxacin 500mg tablet brand cipro 1000mg
order amoxicillin generic – buy generic amoxicillin over the counter cipro 500mg cheap
order azithromycin 500mg – flagyl 200mg cost buy ciplox for sale
order cleocin – buy cleocin pills buy chloramphenicol sale
ivermectin 3mg online – buy eryc 500mg without prescription order cefaclor 500mg online cheap
depo-medrol where to buy – order fluorometholone online cheap generic astelin 10ml
desloratadine online buy – purchase ketotifen ventolin 2mg generic
glyburide 2.5mg ca – order forxiga generic buy dapagliflozin 10 mg for sale
glycomet 500mg ca – buy cozaar for sale purchase acarbose online cheap
cost repaglinide – empagliflozin over the counter jardiance online order
semaglutide 14 mg canada – order glucovance sale DDAVP uk
terbinafine 250mg drug – lamisil canada where to buy grifulvin v without a prescription
nizoral 200 mg us – sporanox order buy itraconazole 100 mg without prescription
cheap lanoxin 250mg – order digoxin 250 mg online cheap furosemide 100mg uk