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Home News Business

Elon Musk Turns To Wall Street To Finance Twitter Acquisition

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.

Aayat AlibyAayat Ali
April 20, 2022
in Business
Reading Time: 1 min read
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Elon Musk Goes Looking for Financing for His 43 Billion Twitter Bid

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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.  

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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. 

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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. 

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Aayat Ali

Aayat Ali

Aayat is an editor for the Daily Digest based in Lexington, Kentucky. She has worked with local coworking spaces since August of 2017 and enjoys taking her firsthand knowledge to write about the fascinating, constantly evolving world of flexible workspaces.

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