Re:Twitter Deal Temporarily on Hold
by epgui on Friday May 13, 2022 @12:44PM
(#31369845)
No, that is outdated information. He's been working on financing without leveraging his shares with one of the banks.
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Re:Twitter Deal Temporarily on Hold
by dragontamer on Friday May 13, 2022 @12:57PM
(#31370006)
And that is outdated information, as we clearly see that Musk is now thinking of pulling out of the deal entirely.
When Elon Musk's networth is almost entirely tied up in TSLA shares, when the price of those shares declines by 20%+, it changes plans. Banks are less likely to take Elon Musk's collateral (almost certainly TSLA shares), Musk himself loses a chunk of networth and loses an ability to raise dollars, etc. etc.
Re:Twitter Deal Temporarily on Hold
by heartbreak on Friday May 13, 2022 @01:40PM
(#31370457)
Yesterday when he started running into trouble with the margin loan, the headline was that he was in talks to secure different financing. That doesn’t make my info outdated.