Elon Musk recently caught selling Tesla stock in order to continue Twitter’s purchase, which has been confirmed for some time, with the entrepreneur who actually decided to sell 4 billion totally in this sentence, and then move on to others $4.5 Billion in Equitywith the confirmation that came later that no more shares will be sold in the future.
There is talk of a total of 9.6 million shares for a total of $8.5 billion, reducing Tesla’s equity owned by Elon Musk by 5.6%, a very significant amount needed to ” takeover of the well-known social network that has been particularly talked about in recent days. Musk will then have to use his own funds spend very large sums of moneywhich will apparently come from other sources.
We speak specifically, as explained on the pages of GizChinaby $25.5 billion loaned by third-party investors, comanche if, according to the first counts, it appears that the entrepreneur has raised more capital than necessary. It should be noted that there could be costs if the deal fails for any reason by Musk, who would then have to provide about $1 billion to Twitter shareholders due to the inconvenience caused. However, if it were Twitter to stop everything at this point, the situation would have been reversed in favor of the well-known entrepreneur.
Obviously, in the coming months, we’ll see how the situation will play out, with everything that seems to be going well at the moment, and could allow the head of Tesla to become the owner of Twitter in a very short time.
Source: Lega Nerd
