Skip to content
Ethereum Business

Ethereum Business

Disney Business

Primary Menu
  • business & finance
  • business proposal
  • Great Business
  • business
  • business news
  • finance
  • About Us
    • Advertise Here
    • Contact Us
    • Privacy Policy
    • Sitemap
  • Home
  • Elon Musk Could Earmark $10
  • finance

Elon Musk Could Earmark $10

By Randell Ortelli 9 months ago

[ad_1]

  • Elon Musk could set aside up to $15 billion of his own cash to buy Twitter, the New York Post reported.
  • Despite his wealth, Musk needs financial support from banks or other investors to finance such a large deal.
  • He’ll also have to contend with Twitter’s “poison pill” defense.
Loading Something is loading.

Elon Musk is reportedly scrambling to pull together his acquisition bid for Twitter.

According to a New York Post report on Tuesday, which cites two unnamed sources, Musk may be willing to set aside up to $15 billion of his own money to help finance a buyout. 

He’s also asking Morgan Stanley to help him raise another $10 billion in debt, the New York Post reported, with an eye to launching a tender offer in about 10 days. The New York Times separately reported Wednesday that Morgan Stanley is helping Musk drum up debt rather than equity financing for his bid to begin with. A filing with the SEC last Wednesday confirms the bank is advising Musk.

The billionaire, whose


net worth

is at $261 billion as of Wednesday according to Bloomberg’s estimates, is likely to need considerable financial support to pull together such a large deal.

Some big buyout groups have declined to provide equity to Musk, reported the Financial Times on Wednesday, naming Blackstone Group, Vista Equity Partners, and Brookfield Asset Management.

Among their reported concerns are Twitter’s long-term growth and profitability prospects, and Musk’s maverick persona. The billionaire has aggressively tweeted about his plans for the platform, including loosening content moderation and not paying board members.

Other institutions are considering stumping up debt or preferred equity financing, the newspaper added.

Some investors, such as Apollo Global Management and Thoma Bravo have expressed interest in participating in a bid for Twitter, Reuters and the Wall Street Journal reported earlier this week.

Musk hasn’t publicly detailed how he plans to finance his proposed purchase of Twitter. The Tesla CEO made an unsolicited offer to buy Twitter outright at $54.20 a share, according to a US Securities and Exchange Commission filing on April 14, valuing a potential deal at $43 billion. He claimed on April 15 that he has sufficient assets to fund the buyout without giving further detail.

Musk and Tesla did not immediately respond to Insider’s queries. A Morgan Stanley spokesperson declined to comment.

Blackstone Group and Vista Equity Partners did not immediately respond to Insider’s queries. A Brookfield Asset Management spokesperson declined to comment.

Even if Musk does manage to put together a formal bid, he still has to contend with Twitter’s “poison pill”, a defense mechanism the board put in place to prevent any investor from acquiring more than 15% of the company.

Once an investor, such as Musk, crosses that threshold, the plan would allow all other shareholders as of April 25 to exercise the rights to buy a portion of Twitter’s shares at an exercise price of $210, with an eye to diluting the bigger investor’s stake.

Musk is currently Twitter’s biggest individual shareholder, after building up a stake in the company equating to 9.1% of the firm.

[ad_2]

Source link

Tags: "Taking Care Of Business, Amazon Business Credit Card, American Airlines Business Class, Att Business Login, Austin Business Journal, Best Bank For Small Business, Best Business Bank Accounts, Best Business Schools In Us, Best Business To Start, British Airways Business Class, Business Attire Men, Business Card Ideas, Business Casual Shoes For Women, Business Continuity Planning, Business Entity Search, Business Letter Template, Business Management Degree, Business Manager Facebook, Business Plan Outline, Business School Rankings, Colorado Business Search, Delaware Business Entity Search, Drop Shipping Business, Family Business Bet, Fox Business Live, Georgia Sos Business Search, Google Business Account, Harvest Small Business Finance, How To Build Business Credit, Is Saturday A Business Day, Is Sears Still In Business, Microsoft 365 Business, My Business Google, Name Generator Business, None Of Your Business, Ny Sos Business Search, Open A Business Bank Account, Pa Business Search", Plus Size Business Casual, Pnc Business Banking, Sos Business Search Ca, Sunbiz Business Search, The Business Of Being Born, Turbotax Home And Business 2020, Tx Sos Business Search, Venmo For Business, Verizon Business Plans, Virtual Address For Business, What Are Business Days, Women Business Casual

Continue Reading

Previous How To Convince A Marketing Skeptic
Next Digital Supply Chain Management | MicroChannel
January 2023
M T W T F S S
 1
2345678
9101112131415
16171819202122
23242526272829
3031  
« Dec    

Archives

  • January 2023
  • December 2022
  • November 2022
  • October 2022
  • August 2022
  • July 2022
  • June 2022
  • May 2022
  • April 2022
  • March 2022
  • December 2021
  • October 2021
  • August 2021
  • July 2021
  • June 2021
  • May 2021
  • April 2021
  • March 2021
  • December 2020
  • November 2020
  • November 2018
  • October 2018
  • January 2017

Recent Posts

  • 51 Online Side Hustle Ideas
  • How Kody Duncan Generated $67k in Coaching Sales by Swiping One Email (Swipe Copy Included)
  • 10 Tips For How to Create Online Courses That Sell
  • 24 Essential Questions for Understanding Your Ideal Customer (+ Infographic)
  • 5 Rules to Make Customers Love Your Business – Business Tips & Advice

BL

buildinglink.buybacklinks.online/agence-seo

Tags

""Succeeded His Business"" 2 Of Cups Business 525 Business 5 Bankruptcies Accounting Business Letter To Client Bracken Business Communications Clinic Business Account No Deposit Business Administration Fafsa Business Balance Sheet Explained Business Card Business Card Printing La Plata Business Cards Media Bar Business Card To Secret Website Business Central Png Business Coaching Site Cloudfront Business Contract Lawyer 47201 Business Marketing Pearson Quizlet" Business Milleage Leager 18 Business Mobile Broadand Plans Business Plan For Supplement Company Disrupting Digital Business Harvard Ffiec Business Continuity Templates Gauge Ear Piercing Business Good Openings For Business Letters Holton Investment Business Indianapolis Business Times Indiana Wesleyan University Business List Business In Search Engines List My Business Yahoo Lunch Susbcription Business Model Morgan Hill Business Liocense Renewal Nee Small Business Bill Signed Negotiating Business Acquisitions Practical Law Networking Trends Small Business New Business In Shorewood Il School Business Officer Being Unethical Small Business Administration Mass Small Business Comunity Small Business Corporation South Africa Small Business Depew Llc Small Business Medical Offices Chicago Small Business Office Lakewood Nj Small Business Plans Verizon Small Business Storage Array Small Business Sucess Stories South Florida Business Journal Twitter

Visit Now

Wedding Photography

scorpion removal las vegas 

tinduanhanoimoi.xyz | Magazine 7 by AF themes.