Oh, you're playing dumb with me Spanky
Posted on: May 11, 2022 at 16:17:18 CT
Ace AU
Posts:
28043
Member For:
5.23 yrs
Level:
User
M.O.B. Votes:
90
investors have doubts about whether Musk will get the deal done at the original price, despite the fact that he recently lined up more than $7 billion in financing from an impressive group of investors that includes mutual fund powerhouse Fidelity, venture capital giant Sequoia and Oracle co-founder Larry Ellison.
Musk also has a commitment from Morgan Stanley for $12.5 billion in financing backed by margin loans that use his Tesla stock holdings as collateral.
Given the big drop in Tesla shares, will Musk have to lower his offer price to get the deal done if Tesla stock continues its electric slide? Will he walk away from Twitter entirely? Or could someone opportunistically come in with a higher price and some, uh, more secure funding?