Elon Musk secures $7.1 bn to finance Twitter deal - Punch Newspapers

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Elon Musk secures $7.1 bn to finance Twitter deal

In this file photo taken on March 09, 2020 Elon Musk, founder of SpaceX, speaks during the Satellite 2020 at the Washington Convention Center in Washington, DC. - NASA did not violate regulations when it decided to give SpaceX the sole contract to build a Moon lander, a watchdog said July 30, 2021, in a ruling that denied challenges by competitors Blue Origin and Dynetics. Elon Musk has raised $7.

The Saudi prince, the head of the Kingdom Holding Company conglomerate, agreed to contribute about 35 million Twitter shares worth $1.9 billion so as to retain a stake in the company post-acquisition, the filing said. The investments will reduce a $12.5 billion margin loan organized through Morgan Stanley and other banks to $6.25 billion, the filing said.

 

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