Elon Musk Drops Margin Loan Commitments, Looks To Finance Twitter Acquisition With Equity Financing

Tesla (Nasdaq: TSLA) CEO Elon Musk has finally dropped his plans to partly finance his planned Twitter (NYSE: TWTR) buyout through margin loans. An SEC filing disclosed that Musk allowed “the remainder of the margin loan commitments” to expire on Monday. This effectively increases the equity component of the purchase consideration to US$33.5 billion, which … Continue reading Elon Musk Drops Margin Loan Commitments, Looks To Finance Twitter Acquisition With Equity Financing