Elon Musk in talks with investors for new Twitter financing
Elon Musk is in talks with investment firms and high net-worth individuals to take more financing for his $44 billion acquisition of Twitter Inc (NYSE: TWTR)
By Arghyadeep Dutta
Published - May 02, 2022, 10:13 PM ET
Last Updated - Jun 23, 2024, 11:29 PM EDT
• Musk discussing with Apollo Global and Ares Management regarding possibilities of rolling their stake into the deal rather than cashing out
• Twitter founder and former CEO Jack Dorsey is examining whether he will roll his take
Elon Musk is in talks with investment firms and high net-worth individuals to take more financing for his $44 billion acquisition of Twitter Inc (NYSE: TWTR).
Investors are discussing with Musk about providing preferred equity financing for the acquisition of the social media company, Reuters reported on Monday, citing people familiar with the matter.
