Elon Musk wants to buy Twitter Inc for over $41 billion in cash, and the $16.4 billion he netted from sales of Tesla Inc shares last year could help.
SpaceX founder and chief engineer Elon Musk attends a news conference at the Kennedy Space Center in Cape Canaveral, Florida, U.S. January 19, 2020. REUTERS/Steve Nesius/File PhotoApril 14 - Elon Musk wants to buy Twitter Inc for over $41 billion in cash, and the $16.4 billion he netted from sales of Tesla Inc"Musk could look to fund the transaction, if approved, through a combination of debt financing and potentially Tesla shares," CFRA Research analyst Angelo Zino said.
"Given the size of the transaction, we think it is conceivable that some Tesla shares could be sold given much of his wealth is tied to the company." Here's a look at the string of transactions Musk made as he offloaded about 10% of his stake in the electric car maker to meet to meet tax withholding obligations related to the exercise of stock options.Reporting by Hyunjoo Jin in San Franscisco, Uday Sampath, Chavi Mehta and Akash Sriram in Bengaluru; Editing by Sriraj Kalluvila and Saumyadeb ChakrabartySign up to our tech newsletter to get the latest news and trends in the global technology industry.
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