THE Ίλον Μασκ pledged $ 6.25 billion (€ 5.84 billion) in equity funding Wednesday to raise a total of $ 44 billion (€ 41.14 billion) for Twitter. The move exhausts the billionaire’s borrowing margin against his stake in Tesla Inc.
THE disposal of the above amount of money revealed by relevant documents submitted yesterday, implying that Musk is working to finalize the dealdespite the fact that last week it had linked its development to the presentation of evidence from Twitter to make sure that fictitious user accounts accounted for less than 5% of all users of the reported social networking site.
Musk said yesterday that he was in talks with shareholders, including Jack Dorsey, regarding additional financial commitments to finance the takeover agreement.
Twitter shares rose about 6% to $ 39.15 (36.61 euros).
Musk was unable to comment directly on the developments.
In a separate development, at the annual meeting of Twitter shareholders, which took place yesterday, they prevented the re-election of a Musk ally on the company’s board of directors.
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