Investing
Elon Musk’s $21 Billion Mystery: Where Will He Get Cash for Twitter?
- Tesla co-founder may get other investors to join his purchase
- Other options include selling Tesla shares, or his crypto
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Elon Musk and Twitter Inc. reached an agreement for the world’s richest man to buy the social networking platform for $44 billion, resolving the pressing question of whether the company’s board would consent to the leveraged buyout deal.
On Musk’s side, though, there remains a mystery: How is he going to cover the $21 billion equity portion of the transaction that he’s personally guaranteed?