The celebrity CEO has more of his stock collateralized then is publicly known.
His margin of error before margin call is much much more narrow than has been let on and I wonder if his new partners know it.
Twitter deal temporarily on hold pending details supporting calculation that spam/fake accounts do indeed represent less than 5% of usershttps://t.co/Y2t0QMuuyn
— Elon Musk (@elonmusk) May 13, 2022
Elon Musk ‘will serve as CEO of Twitter for a few months’ when his $44B deal goes through as the billionaire reveals the 18 investors pumping $7B into his buyout including Tesla board member Larry Ellison
Elon Musk will serve as the temporary CEO of Twitter after his buyout
In a filing on Thursday, Musk revealed he secured 18 equity investors for the deal
Filing also listed Saudi Arabia’s Prince Alwaleed Bin Talal Bin Abdulaziz Alsaud as having committed 34,948,975 Twitter Inc shares to retain investment
Last month, Musk agreed the $44 billion purchase of the social-media platform – Source
Elon Musk puts Twitter deal on hold over fake account details
Elon Musk has said his $44bn (£35bn) deal to buy Twitter is on hold after he queried the number of fake or spam accounts on the social media platform.
He said he was waiting for information “supporting [the] calculation that spam/fake accounts do indeed represent less than 5% of users”.
Mr Musk added later that he was “still committed to [the] acquisition”.
However, analysts speculated he could be seeking to renegotiate the price or even walk away from the takeover.
Mr Musk’s tweets sent Twitter’s share price plunging 10% in morning trade in New York. – Source
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