Wait what? Less then 7 billion is NOT even close to half.
As I previously posted...
"Musk is on the hook to pay $33.5 billion in cash"
Less than half would have been his own money. And he was still finding new capitol investors and bank loans.
Elon Musk has brought in new investors to fund his Twitter deal, a filing shows. (Published 2022)
The filing lists a number of investment firms and other backers who will contribute $7 billion to the deal.www.nytimes.com
Wait what? Less then 7 billion is NOT even close to half.
Wanna know how I can tell you didn't read the article?
So you're saying the world's richest man is short to close on this deal even with a pool of outside investors?It wasn't just Elon financing the deal. The majority of the money for the deal came from sources other than Elon.
Dude.. everyone already knew this years ago.This is great. Twitter was exposed as a bot echo chamber and it only cost him a billion
Musk didn’t expose anything as he waived due diligence. Whining isn’t the same thing.This is great. Twitter was exposed as a bot echo chamber and it only cost him a billion
I hope Twitter will force him to complete the sale. Poor Musk, no one will shed a tear except for maybe a few fanboys.
Wee bit late to worry about weaponized Twitter no?I don't, as then it means he will absolutely weaponize Twitter as then he'll have an axe to grind and he'll go out of his way to be the douchiest douchebag possible.
Now, I hope they basically do force him to court because I can all but guarantee he tries to get out of paying even the $1billion, and in the process the fucking jackass perjurs himself or commits other acts that costs him.
Also pretty sure Twitter has grounds to suspend his account just based on the misinformation he's posted on there about the Twitter deal. Dude straight up lied that they hid anything from him since he waived his right to thoroughly vet them because he was eager for a quick fuck you (again he had no interest in ever actually buying Twitter but he had to attempt to pretend otherwise he'd be facing extra scrutiny from the SEC and they're about the only group with any ability to get him to STFU at this point; him committing outright fraud could potentially get him punted from Tesla and SpaceX). His goal was always just to trash Twitter and hope it put the company in freefall such that they'd be forced to cowtow to assholes like him.
Hell I don't doubt that potentially Musk even thought he could skirt the SEC restrictions on his social media posts by claiming that only applied to Twitter and so if Twitter changed then he'd get his full freedom back. He's that much of an idiotic asshole.
Please do tell. I'm not paying for a NY Times subscription, but I also don't have to to read the headline. Musk is not on the hook for "less than half" as you posted. Again, "Musk is on the hook to pay $33.5 billion in cash"
Wanna know how I know you didn't read the article I originally posted?
We would have to know the terms of each of those funding commitments to see how much Musk is on the hook for.So you don't know how to get around paywalls by finding archived copies?
Let me teach you how to internet:
Are you capable of mathing?
What percentage is 21 billion out of 44 billion? Is it less than 50%?
"Elon Musk has brought in more than a dozen new investors to help fund his $44 billion acquisition of Twitter, including the billionaire Larry Ellison and the venture capital firm Sequoia Capital, according to securities documents filed Thursday morning.
The investors together will contribute $7 billion to help fund Twitter’s purchase, with the rest coming from Mr. Musk’s own pocket or through loans.
Mr. Musk had said that he would fund the deal in part with a $12.5 billion loan against his shares in Tesla, the electric vehicle company he runs. As a result of the new equity commitments, Mr. Musk said he was reducing the size of that loan against Tesla shares to $6.25 billion from $12.5 billion.
He has also said that he has secured $13 billion in other loans from seven banks and committed $21 billion of his own cash. Mr. Musk has not yet outlined the sources of that cash."
We would have to know the terms of each of those funding commitments to see how much Musk is on the hook for.
We know he is obligated to buy it for that much, we don’t know to what extent his external financiers are obligated to fund his purchase. So if he tries to back out and a court forces him to buy (unlikely) can his financiers back out?
So you're saying the world's richest man is short to close on this deal even with a pool of outside investors?
The majority, really?
"Musk is on the hook to pay $33.5 billion in cash"
Elon Musk's Twitter deal threats put new financing on ice, sources say
Elon Musk's efforts to arrange new financing that will limit his cash contribution to his $44 billion acquisition of Twitter Inc have been put on hold.www.cnbc.com
Far from it, unless you can provide sources to back that claim. Otherwise you are just spewing BS.
I think the part that matters here is what obligations those lenders have as to what I know he entered into the agreement before securing external financing.Based on this May 25th WSJ article, Musk's part of the financing package was $14B.
Elon Musk Plans to Rely More Heavily on Equity for Twitter Deal
The latest funding details still leave questions about how Mr. Musk would come up with roughly $14 billion of his financing package. Soon after Twitter accepted his bid, he reported selling roughly $8.5 billion worth of Tesla stock that he could devote to financing the transaction. And he already owns more than 9% of Twitter, worth roughly $4 billion at $54.20 a share, Mr. Musk’s buyout price.
To help pay for the deal, Mr. Musk disclosed in early May that he had lined up about $7 billion from investors whose participation effectively reduces the personal risk he has to take.
Doubtful they can get more than a billion. The diminished stock price occurred during wide scale market downturns so cannot prove Musk influenced that.I don't think Elon will buy the company but they're definitely going to get more than a billion. They've lost 15 billion in market cap since he made the offer and then started acting like the d bag he is. Hopefully take no less than 10 billion from him
You are totally wrong. The contract Elon signed is very tilted in twitters favor. Either it drags out in court for years, or Elon is going to have to settle eventually. And it certainly won't just be for 1 billion. Twitter doesn't really have to prove anything, the contract text is in their favor.Doubtful they can get more than a billion. The diminished stock price occurred during wide scale market downturns so cannot prove Musk influenced that.
Why is that? A billion is the absolute minimum he would have to pay.Doubtful they can get more than a billion. The diminished stock price occurred during wide scale market downturns so cannot prove Musk influenced that.
Why? Nobody signed on the dotted line did they?I'm interested to see if shareholders can get a piece of him. Basically anyone that bought shares after he claimed he was buying it was defrauded by him.
They were damaged in what appears to be a pump and dump scheme.Why? Nobody signed on the dotted line did they?