Musk is rumored to be in talks to sell new Twitter shares to raise money to pay off debts.
[Financial Channel/Comprehensive Report] Foreign media reported that US billionaire Elon Musk is seeking to sell new Twitter shares to raise as much as US$3 billion (approximately NT$90.8 billion) to repay the debt he incurred for acquiring Twitter last year. Part of the US$13 billion in debt (approximately NT$393.7 billion).
According to comprehensive media reports, in order to raise funds for the US$44 billion (about NT$1.3 trillion) acquisition of Twitter, Musk obtained syndicated loans from Morgan Stanley, Bank of America and other banks earlier, of which US$13 billion in debt , Musk did not provide a personal guarantee, but was held by Twitter at the corporate level.
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The Wall Street Journal reported, citing sources, that Musk's team has negotiated with investors to raise up to $3 billion in funding to repay part of the $13 billion in debt it took on for the acquisition of Twitter, but it is not yet known how much money will be raised. The situation of payment talks.
Twitter has not responded to a request for comment.
Asked whether the report was accurate, Musk responded "no."
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