Elon Musk is looking to finance Twitter acquisition without loans backed by Tesla shares as price falls
May 12, 2022
Elon Musk is reportedly looking to secure more equity for the acquisition of Twitter in order to proceed without billions of dollars worth of loans back by Tesla shares. It comes as Tesla’s share price has fallen to significantly.
Last month, Twitter’s board officially accepted Elon Musk’s acquisition offer. It still needs to go to a shareholder’s vote and some details are still being…