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.

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.

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