• Latest
  • Trending
  • All
  • India
  • Business
  • Politics
  • World
  • Lifestyle
  • Technology
Explained: How Elon Musk Will Pay For Twitter

Explained: How Elon Musk Will Pay For Twitter

October 7, 2022
Madhya Pradesh Leader Arrested After Obscene Video Goes Viral

Madhya Pradesh Leader Arrested After Obscene Video Goes Viral

May 26, 2025
Suspected Spy Arrested In Haryana For Sharing Information With Pak: Cops

Girl, 15, Raped Repeatedly, Forced Into Prostitution In Maharashtra: Cops

May 26, 2025
31, Including Chinese Woman, Arrested For Drug Use At Bengaluru Party: Cops

31, Including Chinese Woman, Arrested For Drug Use At Bengaluru Party: Cops

May 26, 2025
Final Application Correction Window Opens, Check Details

Final Application Correction Window Opens, Check Details

May 26, 2025
PM Narendra Modi’s Advice At Key Meet After BJP Leaders’ Controversial OpSindoorRemarks

PM Narendra Modi’s Advice At Key Meet After BJP Leaders’ Controversial OpSindoorRemarks

May 26, 2025
BJP MP Ram Chander Jangra Apologises For ‘Women In Pahalgam’ Remark, Says It Was “Distorted”

BJP MP Ram Chander Jangra Apologises For ‘Women In Pahalgam’ Remark, Says It Was “Distorted”

May 26, 2025
Assam Minister Hands Over Compensation To Families Of 2 Pahalgam Attack Victims In Karnataka

Assam Minister Hands Over Compensation To Families Of 2 Pahalgam Attack Victims In Karnataka

May 26, 2025
Chief of Defence Staff General Anil Chauhan Conducts ‘Strategic Review’ Of Indian Army’s Combat Readiness

Chief of Defence Staff General Anil Chauhan Conducts ‘Strategic Review’ Of Indian Army’s Combat Readiness

May 26, 2025
Karnataka Assembly Speaker Revokes Suspension Of 18 BJP Legislators

Karnataka Assembly Speaker Revokes Suspension Of 18 BJP Legislators

May 26, 2025
Gang-Raped, Tortured, Tribal Woman Bled To Death In Madhya Pradesh

Gang-Raped, Tortured, Tribal Woman Bled To Death In Madhya Pradesh

May 26, 2025
BJP Notice To UP Leader Over His Viral Video With Woman At Party Office

BJP Notice To UP Leader Over His Viral Video With Woman At Party Office

May 25, 2025
Delhi Logs Wettest May On Record As Rain Lashes City, Cause Major Disruptions

Delhi Logs Wettest May On Record As Rain Lashes City, Cause Major Disruptions

May 25, 2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact
Thursday, June 5, 2025
No Result
View All Result
Daily News Broadcast India
  • India
    • All
    • Politics
    Madhya Pradesh Leader Arrested After Obscene Video Goes Viral

    Madhya Pradesh Leader Arrested After Obscene Video Goes Viral

    Suspected Spy Arrested In Haryana For Sharing Information With Pak: Cops

    Girl, 15, Raped Repeatedly, Forced Into Prostitution In Maharashtra: Cops

    31, Including Chinese Woman, Arrested For Drug Use At Bengaluru Party: Cops

    31, Including Chinese Woman, Arrested For Drug Use At Bengaluru Party: Cops

    Final Application Correction Window Opens, Check Details

    Final Application Correction Window Opens, Check Details

    PM Narendra Modi’s Advice At Key Meet After BJP Leaders’ Controversial OpSindoorRemarks

    PM Narendra Modi’s Advice At Key Meet After BJP Leaders’ Controversial OpSindoorRemarks

    BJP MP Ram Chander Jangra Apologises For ‘Women In Pahalgam’ Remark, Says It Was “Distorted”

    BJP MP Ram Chander Jangra Apologises For ‘Women In Pahalgam’ Remark, Says It Was “Distorted”

    Assam Minister Hands Over Compensation To Families Of 2 Pahalgam Attack Victims In Karnataka

    Assam Minister Hands Over Compensation To Families Of 2 Pahalgam Attack Victims In Karnataka

    Chief of Defence Staff General Anil Chauhan Conducts ‘Strategic Review’ Of Indian Army’s Combat Readiness

    Chief of Defence Staff General Anil Chauhan Conducts ‘Strategic Review’ Of Indian Army’s Combat Readiness

    Karnataka Assembly Speaker Revokes Suspension Of 18 BJP Legislators

    Karnataka Assembly Speaker Revokes Suspension Of 18 BJP Legislators

    Gang-Raped, Tortured, Tribal Woman Bled To Death In Madhya Pradesh

    Gang-Raped, Tortured, Tribal Woman Bled To Death In Madhya Pradesh

    Trending Tags

    • Politics
  • Entertainment
    Jennifer Lopez and Ben Affleck Are Expected to Divide the Profits From a $68 Million Los Angeles Mansion That Remains Unsold After Six Months

    Jennifer Lopez and Ben Affleck Are Expected to Divide the Profits From a $68 Million Los Angeles Mansion That Remains Unsold After Six Months

    Kareena Kapoor Will Pay Tribute to Her Grandfather Raj Kapoor at Iifa 2025, Describing the Occasion as a “Surreal Moment.”

    Kareena Kapoor Will Pay Tribute to Her Grandfather Raj Kapoor at IIFA 2025, Describing the Occasion as a “Surreal Moment.”

    Saif Ali Khan and Kareena Kapoor Request That Paparazzi Refrain From Taking Photographs of Their Children, Taimur and Jeh, in Light of Recent Security Measures

    Saif Ali Khan and Kareena Kapoor Request That Paparazzi Refrain From Taking Photographs of Their Children, Taimur and Jeh, in Light of Recent Security Measures

    Rakhi Sawant Has Confirmed Her Third Marriage to Pakistani Actor Dodi Khan. “We Have a Mutual Affection for One Another.”

    Rakhi Sawant Has Confirmed Her Third Marriage to Pakistani Actor Dodi Khan. “We Have a Mutual Affection for One Another.”

    The Controversy Surrounding Chhaava: What Was the Objection to Vicky Kaushal’s Film?

    The Controversy Surrounding Chhaava: What Was the Objection to Vicky Kaushal’s Film?

    ‘Explosion Explosion Bumrah!’: Coldplay’s Tribute to Jaspreet Bumrah in Ahmedabad Concert Captures Hearts

    ‘Boom Boom Bumrah!’: Coldplay’s Tribute to Jaspreet Bumrah in Ahmedabad Concert Captures Hearts

    Shah Rukh Khan Acknowledges That the Title of His Forthcoming Film, King, Is “A Bit of a Show-Off”: We Have Run Out of Titles

    Shah Rukh Khan Acknowledges That the Title of His Forthcoming Film, King, Is “A Bit of a Show-Off”: We Have Run Out of Titles

    Rasha Thadani Discloses That Her Mother, Raveena Tandon, Keeps Her on Her Toes.

    Rasha Thadani Discloses That Her Mother, Raveena Tandon, Keeps Her on Her Toes

    Are Rumors About an Affair With Jennifer Aniston Harming the Obamas? This Is What We Know So Far

    Are Rumors About an Affair With Jennifer Aniston Harming the Obamas? This Is What We Know So Far

    Kapil Sharma, Rajpal Yadav, and Remo D’Souza Face Death Threats From Pakistan; They Seek Security From Mumbai Police.

    Kapil Sharma, Rajpal Yadav, and Remo D’Souza Face Death Threats From Pakistan; They Seek Security From Mumbai Police

  • Lifestyle
  • Sports
  • Business
  • Technology
  • World
  • Videos
  • Covid19
  • Opinion
DNB india
No Result
View All Result
Home Business

Explained: How Elon Musk Will Pay For Twitter

by DNB ind News Desk
October 7, 2022
in Business
0
Explained: How Elon Musk Will Pay For Twitter
2
SHARES
5
VIEWS
Share on FacebookShare on TwitterShare to Whatspp

Elon Musk said earlier this week he would buy Twitter for $54.20 per share, the price that was agreed in April.

Elon Musk bought himself some time on Thursday, after a judge accepted the billionaire’s request to halt a Twitter lawsuit to allow him to close his proposed $44 billion buyout of the social media company by Oct. 28.

Now comes the big question: how will he pay for it?

Musk said earlier this week he would buy Twitter for $54.20 per share, the price that was agreed in April, but included a condition that the closing of the deal be contingent on debt financing for the transaction coming through.

What is his financing plan?

Musk has pledged to provide $46.5 billion in equity and debt financing for the acquisition, which covers the $44 billion price tag and closing costs. Banks, including Morgan Stanley and Bank of America Corp, committed to provide $13 billion of debt financing to support the deal.

Twitter on Thursday cited one of the banks as saying that Musk had not communicated to them that he intends to close the transaction. Musk said that banks were “working cooperatively to fund the close” on or around Oct. 28.

Musk’s $33.5 billion equity commitment would include his 9.6% Twitter stake, which is worth $4 billion, and the $7.1 billion he secured from equity investors, including Oracle Corp co-founder Larry Ellison and Saudi Prince Alwaleed bin Talal.

That leaves Musk needing to secure an additional $22.4 billion of funds to cover the equity financing portion of the deal.

How much cash does he have?

Musk, 51, is the world’s richest person with a net worth of $219 billion according to Forbes, but a large portion of his fortune is tied to his stakes in Tesla and Space X.

According to a Reuters calculation, Musk has about $20 billion of cash after selling down part of his Tesla stake through multiple transactions in November and December last year and April and August this year. This means he would need to raise an additional $2 billion to $3 billion, even if the other equity and debt commitments are honored.

How can he fill the equity shortfall?

He can either choose to sell down more of his stake in Tesla, or his stake in SpaceX. Other options include obtaining a loan from banks against the stocks, or getting more investors to contribute equity.

In August, Musk said he does not plan to sell down his stake in Tesla any further, but the latest U-turn from Musk has revived concerns over whether he will sell more of the electric-vehicle maker’s stock to fund the deal.

Musk owned 465 million Tesla shares worth $111 billion following its 3-for-1 stock split, according to Reuters’ calculation. He has already borrowed heavily against a big portion of his Tesla stake.

Does he have enough equity for investors?

On April 20, Oracle founder Larry Ellison said he was interested in participating in the deal as one of the investors in Twitter.

Ellison is among a group of investors who have collectively promised to chip in $7.1 billion of financing for the deal. So far, no investors have publicly said they would back away from their commitments.

Related

Tags: Elon Musktwitter
Share1Tweet1Send
DNB ind News Desk

DNB ind News Desk

  • Trending
  • Comments
  • Latest
Yamaha MT-15 V2.0 launched in India, priced at Rs 1.60 lakh

Yamaha MT-15 V2.0 launched in India, priced at Rs 1.60 lakh

April 12, 2022
Shilpa Shetty to Tejasswi Prakash, These Stars Live Life Queen Size

Shilpa Shetty to Tejasswi Prakash, These Stars Live Life Queen Size

April 15, 2022
Saina Nehwal’s CWG and Asian Games title defense under threat due to THIS reason

Saina Nehwal’s CWG and Asian Games title defense under threat due to THIS reason

April 12, 2022

COVID-19 update: India records 7,579 new cases, 236 deaths in last 24 hours

0

Team India vice-captain Cheteshwar Pujara to carry ‘fearless mindset’ from England into NZ Tests

0

Breaking: Andhra Pradesh Assembly passes resolution, asks Centre for caste-based census of backward classes

0
Madhya Pradesh Leader Arrested After Obscene Video Goes Viral

Madhya Pradesh Leader Arrested After Obscene Video Goes Viral

May 26, 2025
Suspected Spy Arrested In Haryana For Sharing Information With Pak: Cops

Girl, 15, Raped Repeatedly, Forced Into Prostitution In Maharashtra: Cops

May 26, 2025
31, Including Chinese Woman, Arrested For Drug Use At Bengaluru Party: Cops

31, Including Chinese Woman, Arrested For Drug Use At Bengaluru Party: Cops

May 26, 2025
Daily News Broadcast India

Copyright © 2023 Daily News Broadcast India.

Navigate Site

  • About
  • Advertise
  • Privacy & Policy
  • Contact

Follow Us

No Result
View All Result
  • Home
  • India
    • Politics
    • Business
    • World
  • Entertainment
    • Sports
  • Covid19
  • Business
  • Technology
  • Lifestyle

Copyright © 2023 Daily News Broadcast India.

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?