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Musk raises capital contribution for purchase of Twitter

Entrepreneur Elon Musk, founder and CEO of Tesla and SpaceX, has decided to revise the sources of Financing According to…

By admin , in news , at May 26, 2022

Entrepreneur Elon Musk, founder and CEO of Tesla and SpaceX, has decided to revise the sources of Financing According to a report by the United States Securities and Exchange Commission (SEC) after the market close, with which it intends to cover the purchase of the social network Twitter for about 41,089 million euros.

The changes don’t affect the price, but the way Musk wants deposit amount Required to capture social networks. Nor do they imply a reactivation of the offer, as the businessman had announced a few days earlier that there was paralyzed Until Twitter demonstrated the actual percentage of fake accounts on the platform.

no debt

thus, Input The capital that Musk will now create is 31,284 million euros, compared to the 25,447 million euros he previously proposed.

Increase in capital contribution that it plans to make musk This is due to the fact that the margin loan contract given for the value of 5,836 million euros has expired. This coincides with a continued decline in the shares of Tesla in the last eight weeks.

This type of credit allows wealthy clients to have access to a large number of stocks in their portfolios. cash without selling your shares. In these operations, the said person’s shares are usually pledged, i.e. used as collateral to prevent losses in the event of non-payment.

If those shares depreciate, the borrower will have to pay cash, hand over ownership of the shares offered as collateral, or provide the entity with other types of security. properties Excessive.

Musk raises capital contribution for purchase of Twitter

2022-05-26 12:36:17