Elon Musk Funding Plan To Buy Twitter: Tesla CEO Elon Musk has decided to buy Twitter for $44 billion. Elon Musk is the richest person in the world and has a net worth of $257 billion. But what do you know, according to media reports, he has only $ 3 billion in cash, so the big question arises that from where Elon Musk will get money to buy Twitter?
Where will Elon Musk bring money to complete the deal?
Let us tell you that Elon Musk is going to raise $ 13 billion from the bank through financing to complete this deal, then $ 12.5 billion will be raised by pledging some shares of his company Tesla. But the big question that arises is from where will they raise funds to complete the transaction of $21 billion equity portion?
Investors can add
One possibility is that Elon Musk may coax some investors to buy Twitter. He himself has indicated this. If investors are not found, Elon Musk can also sell some of his stake in Tesla.
Musk has invested in crypto
Elon Musk has also invested in cryptocurrencies. Musk himself has revealed that he has invested in bitcoin’s ether, Dojicoin. Since March 2020, Bitcoin has gained 720 percent, Ether is up 2600 percent, and Dojicoin has jumped 30 percent since the news of Elon Musk buying Twitter. So it is believed that Elon Musk can also resort to cryptocurrency to complete this deal.
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