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Originally, he wanted to get $ 12.5 billion (11.7 billion euros) in this way. However, a statement from the US Securities and Exchange Commission on Wednesday said that Musk wanted to contribute this amount in another way. The boss of electric carmanufacturer Tesla had presented financing commitments of over 46 billion dollars for the Twitter deal.
The waiver of the equity-backed loans was already expected after Tesla’s share price fell significantly. After the switch, Musk now wants to contribute $33.5 billion in addition to other loans. In order to raise this amount, he is already bringing various investors on board.
According to the message, Musk also wants to work with the longtime Twitter boss Jack Dorsey talk about him putting his shares into a deal to keep his stake in Twitter after the acquisition is complete. According to the latest information, Dorsey holds around 2.5 percent of Twitter, Musk has bought a good nine percent share in recent months.
Twitter shares rose 5.62 percent to $39.25 in after-hours trading on the NYSE. At just under $40, the price was still well below the $54.20 per share that Musk had promised the shareholders. Musk recently declared the deal suspended, but from Twitter’s point of view he cannot decide that unilaterally – and the service insists on the deal.
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