Musk to provide $6.25 bln more in equity to fund Twitter deal

Elon Musk has committed to provide an additional $6.25 billion in equity financing to fund a portion of the $44-billion deal to buy Twitter Inc, a regulatory filing showed on Wednesday. Twitter shares jumped 10% in extended trading. The Tesla Inc top boss is also in talks with shareholders, including Jack Dorsey, for additional financing commitments to fund the deal, the filing said.


Reuters | Updated: 26-05-2022 02:25 IST | Created: 26-05-2022 02:24 IST
Musk to provide $6.25 bln more in equity to fund Twitter deal
File photo Image Credit: ANI

Elon Musk has committed to provide an additional $6.25 billion in equity financing to fund a portion of the $44-billion deal to buy Twitter Inc, a regulatory filing showed on Wednesday.

Twitter shares jumped 10% in extended trading. Tesla shares were down 2.2%. The Tesla Inc top boss is also in talks with shareholders, including Jack Dorsey, for additional financing commitments to fund the deal, the filing said.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)

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