The details about his financing should ease some concerns on Wall Street about whether he actually would follow through.
Elon Musk says he’s secured $46.5 billion in financing for his Twitter bid, an important disclosure seemingly meant to ease concerns about his commitment to the idea.. Another $21 billion will come from equity financing.
Musk says he has not heard from the Twitter board since going public with his $54.20-a-share proposal a week ago. While Musk has hired Morgan Stanley to advise him, Twitter has retained Goldman Sachs and JPMorgan.
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