HomeNews listOBJECTIVE PRESSUPDATE 1-Musk looks to scrap Tesla margin loan with new Twitter funding – Bloomberg Law

UPDATE 1-Musk looks to scrap Tesla margin loan with new Twitter funding – Bloomberg Law

  • May 12, 2022
  • Posted by: AliensFaith
  • Category: OBJECTIVE PRESS
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Elon Musk is in talks to raise enough equity and preferred financing for his proposed buyout of Twitter Inc to negate the need for a $6.25 billion margin loan linked to his Tesla Inc shares, Bloomberg Law reported on Thursday. The billionaire’s advisers, led by Morgan Stanley, have begun soliciting interest from potential investors for as much as $6 billion in preferred equity financing, the report https://news.bloomberglaw.com/mergers-and-acquisitions/musk-seeks-to-scrap-tesla-margin-loan-with-new-twitter-funding?context=search&index=0 said, citing people with knowledge of the matter. Twitter declined to comment on the report, while Musk could not be reached for comment.      



Author: AliensFaith
HighTech FinTech researcher, university lecturer & Scholar. He is studying his second doctoral degree at the Hague International University. Studying different fields of Sciences gave him a broad understanding of various aspects of life. His recent researches covered AI, Machine-learning & Automation concepts. The Information Technology Skills & Knowledge gave his company a higher position over other regional high-tech consultancy services. The other qualities and activities which can describe him are a Hobbyist Programmer, Achiever, Strategic Thinker, Futuristic person, and Frequent Traveler.

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