Musk is apparently considering changed financing for Twitter purchase


Tesla boss Elon Musk wants to buy the short message service.

(Photo: AP)

Los Angeles / New York According to insiders, Tesla boss Elon Musk is in talks about a changed financing strategy for his planned takeover of Twitter. Musk is in talks with large investment firms and wealthy individuals about getting a bigger stake in the $44 billion deal, according to several people familiar with the matter, Reuters said.

According to Forbes, the richest man in the world could thus reduce his equity share. Participation via a form of preferred capital with a fixed dividend is also being discussed. Musk also asked major Twitter shareholders if they could keep their money in the company instead of accepting his cash offer for the shares. Former Twitter boss Jack Dorsey is considering this move, one of the insiders said.
According to the information, the talks include Apollo Global Management and Ares Management. They, like the other parties mentioned, initially did not provide any comments. On the US stock exchange, Twitter shares rose after the talks became known and were up 1.2 percent at $49.63 shortly before the end. Musk wants to buy the short message service for $ 54.20.

Most recently, he received a $13 billion loan backed by Twitter shares and a $12.5 billion loan backed by Tesla stock. According to stock market reports, he also sold shares in the electric car maker worth $8.5 billion.

More: Twitter workers worried about their jobs after Elon Musk takeover. He has not yet expressed any concrete plans to cut jobs.

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