Elon Musk Considers Raising $3 Billion to Pay Off Part of Twitter Debt: Report

Elon Musk Considers Raising $3 Billion to Pay Off Part of Twitter Debt: Report

ByNews Polite

Elon Musk’s team has been exploring using as much as $3 billion in new fundraising to help repay some of the $13 billion in debt tacked onto Twitter for his buyout of the company, the Wall Street Journal reported on Wednesday, citing people familiar with the matter. According to the…

Elon Musk-Twitter Takeover: Banks Said to Be Forced to Hold on to Twitter Deal Debt

Elon Musk-Twitter Takeover: Banks Said to Be Forced to Hold on to Twitter Deal Debt

ByNews Polite

The banks providing $13 billion (roughly Rs. 1,07,300 crore) in financing for Tesla CEO Elon Musk’s acquisition of Twitter have abandoned plans to sell the debt to investors because of uncertainty around the social media company’s fortunes and losses, people familiar with the matter said. The banks are not planning…