Elon Musk discloses additional equity financing for Twitter deal

• Funding now constitutes of $33.5 billion in equity, up from $27.25 billion

Billionaire Elon Musk disclosed on Wednesday his plans to fund the Twitter Inc (NYSE: TWTR) deal with an additional $6.25 billion in equity financing amid decline in Tesla Inc (NASDAQ: TSLA) shares.

According to a SEC filing, Musk’s funding plan for the deal now constitutes of $33.5 billion in equity, up from $27.25 billion. Musk reduced the margin loan against Tesla shares, which are down by about a third since Twitter approved the $44 billion deal.

Twitter shares climbed around 6% to $39.15 in extended trading.