Re:Musk announces funding secured for Twitter buy
by jollybean on Friday April 22, 2022 @12:23AM
(#31118192)
I meant Berkshire.
Tesla nor SpaceX would have no reason to buy Twitter, so Musk has to do it himself.
He has Tesla shares, that's kind of a secondary thing.
It's a leveraged buy out - banks and other firms would be going in with him. A bit like you buy a house.
In this case Musk is buying using TSLA (and SpaceX?) shares as collateral, not having TSLA buy.