The new financing could reduce the $21 billion cash contribution that Elon Musk has committed to the deal.
Jack Dorsey on Elon Musk’s Twitter acquisition: ‘Taking it back from Wall Street Is the correct first step’Elon Musk is in talks with large investment firms and high net-worth individuals about taking on more financing for his $44 billion acquisition of Twitter IncMusk is the world's richest person, with Forbes estimating his net worth at about $245 billion. Yet most of his wealth is tied up in the shares of Tesla Inc, the electric car maker he leads. Last week, Musk disclosed he sold $8.
Musk is still deciding whether he will have partners team up with him in writing the equity check needed for the deal, the sources said. Musk is not seeking to take on more debt for the Twitter deal currently, the sources added. Musk has tweeted that he would try to keep as many investors in Twitter as possible as he takes the company private.
Investors have been fretting over whether Musk will complete the Twitter deal given that he has backtracked in the past. In April, he decided at the last minute not to take up a seat on Twitter's board. In 2018, Musk tweeted that there was"funding secured" for a $72 billion deal to take Tesla private but did not move ahead with an offer.