Elon Musk used money from his personal assets, investment funds, and bank loans, among other sources, in his Thursday-ended acquisition on the Twitter platform. These three sources were the main ones he used to finance the deal.
The Tesla president initially wanted to refrain from investing more than $ 15 billion of his own money in the $ 44 billion transaction.
This sum was expected to be made up primarily of roughly $12.
He would not have had to sell his Tesla shares in order to borrow $5 billion from loans backed by those shares.
Musk ultimately decided against the loan and instead allocated extra cash. A total of $15. 5 billion worth of Tesla shares were sold by the 51-year-old guy in two waves, in April and August.
Musk used his own funds to pay $ 27 billion in cash.
The most important thing is that Musk, which Forbes magazine says that the value of its assets amounts to about 220 billion dollars, had 9.
At the start of the year, 6% of tweets were shared.
In addition to these assets, the deal’s total includes $5.2 billion from investment groups and other sizable funds, as well as a $1 billion commitment from billionaire Larry Ellson, a co-founder of the software company “Oracle.”
Qatar Holding Company, which is controlled by the Qatari sovereign wealth fund known as the “Qatar Investment Authority”, has also invested in the fund.
The approximately 35 million shares of the Qatar Investment Authority that the Saudi prince Al-Walid bin Talal possessed were transferred to Eileon.
Investors will make contributions to Twitter at the meeting of their investments.
As for the rest of the amount necessary to complete the deal – nearly $ 13 billion – his support from banks that include “Morgan Stanley”, “Bank of America”, the “Mitsubishi Financial Group” Foundation, the Japanese banking bank, the Japanese bank “Mizuho”, “Barclays”, and the French “Susite Geniraral” and the bank BNB Pariba.
The US Securities and Exchange Committee received records that suggest that “Morgan Stanley” alone contributed around $3.5 billion.
Twitter will be responsible for paying these loans, not Mask personally, as the corporation has guaranteed them.
Since Twitter has thus far struggled to turn a profit and operated at a loss during the first half of 2022, the debt incurred through the purchase of a mask may put more financial strain on it.
What actions did Elon Musk take on Twitter?
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