And the American “Bloomberg” agency asked about the source that Elon Musk will rely on to finance the purchase of “Twitter”, describing the matter as a “mystery.”
According to the agency, Musk has currently received $13 billion in loans against his stake in Twitter.
In addition, the richest person in the world arranged another $12.5 billion in loans, obtained by guaranteeing his stake in the leading electric car maker, Tesla, where the value of his shares in the company amounts to $170 billion.
But these loans, which were talked about, are not enough, so how will he be able to pay the remaining 44 billion dollars required to complete the deal?
The New York Times wrote that there is a strong possibility that Musk will sell some of his shares in Tesla in order to finance the deal.
Tesla’s stock was trading at $978 on Monday evening.
Musk owns a number of other private companies, including Boring, which specializes in tunnel development, with a market value of about $6 billion.
He also owns shares in other companies, including “SpaceX”, which he estimated to have a market value of $100 billion over the past year.
Musk’s fortune amounts to $257 billion, but most of it is in the form of shares in companies, and what he has in cash does not exceed $3 billion.
Among the options presented is for Musk to use other investors who agree with him in his vision, in order to finance the purchase of Twitter, which means completing the deal through stakes for old or new shareholders in the leading company in the field of social media.
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