www.washingtonpost.com/technology/2022/06/01/elon-musk-twitt…
A growing list of investors signing up to help fund the $44 billion takeover of Twitter are betting on one big thing: Elon Musk. Though Twitter has spent years as an underperforming Silicon Valley punching bag, investors big and small are now scrambling for a piece of it…The investors signing up are confident the deal will proceed, according to the people…
He [Musk] has committed more than $33 billion to buy Twitter, significantly more than his initial $21 billion equity commitment — lowering the amount of debt he would have to pull from banks to reach the agreed-upon price. The investors he has attracted would contribute to the equity batch, lowering his debt burden.
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