Elon Musk Turns To Wall Street To Finance Twitter Acquisition

More stories for you

The Real Reason Coworking And Flex Spaces Struggle To Make Money

23 hours ago

Mail Compliance Made Simple: What Every U.S. Coworking Operator Should Know

2 days ago

Real-Time Peace Of Mind: AI Security Delivers Safety, Savings, And Member Trust For Coworking Operators

6 days ago

Amazon’s Robot Workforce Tops 1 Million, Closing In On Human Headcount

1 week ago

Elon Musk is taking another step towards his Twitter acquisition aspirations, now seeking the support of Wall Street financial partners for his $43 billion proposition to purchase the social media platform. 

Someone familiar with the discussions says that Musk and his advisers are looking into debt financing with various partners. However, the insider said that raising equity for the offer has not been discussed with other firms.  

Advertisements

While the richest person in the world seeking debt financing may seem paradoxical, much of his $261 billion fortune appears to be wrapped in Tesla’s stock. Still, Musk could theoretically sell some of those shares in order to fund the acquisition.  

In the meantime, Wall Street is divided on whether they will support Musk in this endeavor. 

Advertisements

Organizations that are in talks to help back Musk include Morgan Stanley and Apollo Global Management. However, Blackstone, Brookfield Asset Management, and Vista Equity Partners have already rejected getting involved according to insiders. 

Advertisements