Elon Musk has secured additional funding to acquire Twitter, filings say
by Kari Paul and agencies from Technology | The Guardian on (#5ZMW9)
The details of Musk's financing plans were made public on the day that Twitter shareholders gathered for a scheduled meeting
Elon Musk has secured additional funding to purchase Twitter, according to financial filings made public on Wednesday, moving the billionaire closer to completing the high-profile deal.
The Tesla CEO said in the regulatory filings he has increased his personal funding of the purchase from $27.3bn to $33.5bn and secured an additional $6.25bn in equity financing, reducing the amount of debt the entrepreneur would take on in the $44bn purchase.
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