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Reply to "Elon Musk buys $3 billion stake (9.2%) in Twitter and is now the platform's largest shareholder"
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[quote=Anonymous][quote=Anonymous]How does the equity piece of Elon's offer work? He'd sell TSLA stock in order to raise the cash? Do an equity swap? He doesn't have $21B in cash on hand. Here's what WSJ says: "Mr. Musk is personally committing $21 billion in equity, according to the filing. A person familiar with the matter said he is still considering bringing in an equity partner and has continued to receive inbound interest."[/quote] No. He'll sell shares of Twitter. Pipe financing or public. Who knows? What is clear is that this is gossamer financing at its best. Two bridge loans (typically repayable in 10 to 30 days) and all that margin debt? Ha! PR stunt.[/quote]
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