Musk does not need favors: gives up loans to buy Twitter

by time news

According to the documents, Musk decided to give up a $ 12.5 billion replica loan offered to him by Morgan Stanley and others to aid in the acquisition of the social network. According to the agreement, the non-closing of the deal until the beginning of the current month reduced its potential amount by half, to six and a quarter billion dollars, and this week the other half also expired and increased Musk’s own capital to purchase Twitter from an original $ 21 billion plan. The acquisition for $ 33.5 billion.

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According to reports in the American media, Musk is in talks with former Twitter founder and CEO, Jack Dorsey, as well as other shareholders, for the “contribution” of their shares for the purpose of his takeover of the company.

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