Deals
Saudi Fund in Talks to Invest in Tesla Buyout Deal
- Kingdom fund said to be in talks on ways to invest in buyout
- As board prepares to meet advisers, investor lawsuits begin
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Elon Musk’s attempt to take Tesla Inc. private will receive added scrutiny this week as the electric-car maker’s board meets with advisers to assess a proposal that’s drawn interest from Saudi Arabia’s sovereign wealth fund.
The Saudi Kingdom’s Public Investment Fund is working to be part of any investor pool that emerges to take Tesla private, people with knowledge of the fund’s plans told Bloomberg News on Sunday. The fund, which recently built a stake just shy of 5 percent, is exploring how it can be involved, the people said on condition of anonymity.