Even for the world’s richest person, $43-billion is a steep price.
richest person, US$43-billion is a steep price.
The purchase isn’t straightforward, but Musk has several financing paths. One option is to sell his Tesla shares outright. Another is borrowing against them to stage a leveraged buyout, possibly with outside partners. Musk, 50, currently has about $3-billion in cash or other somewhat liquid assets after spending $2.6-billion buying a 9.1% stake in Twitter in recent months.For Musk to raise the additional $36-billion in cash needed to buy the rest of Twitter would require selling about 36.
Since then, Musk has increased his share count by exercising options. His 172.6 million shares are worth $172-billion, meaning he could borrow $43-billion by pledging all of them. No matter how he goes about it, buying all of Twitter would be a stark shake-up of Musk’s empire. His purchase of a 9.1% stake, first disclosed last week, marked his first significant diversification outside of Tesla and SpaceX.
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