Tesla CEO Elon Musk wants to buy the short message service.
Los Angeles / New York Tesla CEO Elon Musk is reportedly in talks with insiders about a changed financing strategy for his planned acquisition of Twitter. Musk is talking to large investment firms and high-net-worth individuals about a stronger stake in the $ 44 billion deal, according to several people familiar with the process told Reuters.
This would allow the richest man in the world, according to Forbes, to reduce his equity stake. A stake in a form of preferred capital with a fixed dividend will also be discussed. Musk also asked major Twitter shareholders if they could leave their money in the company instead of accepting his cash offer for the shares. Former Twitter CEO Jack Dorsey is considering this step, one of the insiders said.
According to the information, Apollo Global Management and Ares Management, among others, are involved in the talks. There was initially no comment from them, as well as from the other parties mentioned. On the US stock exchange, Twitter shares rose after the talks were announced and were up 1.2 percent at $ 49.63 shortly before the end. Musk wants to buy the short message service for $ 54.20.
Most recently, he received a $ 13 billion loan secured with Twitter shares and a $ 12.5 billion loan secured with Tesla securities. According to stock exchange announcements, he has also sold shares of the electric car builder worth $ 8.5 billion.
