How is struggling Elon Musk going to raise $46.5 billion?

While Elon Musk once again agreed to buy twitter, twitter asked for time on thursday in the trial against Musk. Elon Musk has asked for time until october 28 to raise the money for the already announced $44 billion. With the consent of twitter, the judge adjourned the case. In this situation, everyone's important question is how Elon Musk is going to raise this amount of 44 billion dollars. When Elon Musk announced the purchase of twitter in april, he said that he would buy a share at a price of 54.20 dollars, but he had conditioned that he could provide it with loan guarantees. twitter management also approved this.
If so, after Elon Musk announced that he would buy twitter again, he would need about $46.5 billion. Of this, $44 billion is for twitter, and the rest is the cost of completing the deal. Elon Musk has requested to postpone the hearing of the case until october 28 to collect this $46.5 billion.Currently, Morgan Stanley, bank of America, and some other banks are offering loans of up to 13 billion dollars. Elon Musk already owns 9.6 percent of twitter shares worth $4 billion for the remaining $33.5 billion. Following this, Elon Musk has raised about $7.1 billion in his own venture from Oracle founder larry ellison and Saudi prince Alwaleed bin Talal. Now the remaining amount is $22.4 billion, and how he will raise it is the big game.Elon Musk, 51, is the world's richest man with a net worth of $219 billion. Elon Musk raised about $20 billion in cash by selling tesla shares he controls in april and august last year in November-December, 2022. Now, only the remaining $2-3 billion is to be obtained through tesla stock sales or by selling shares in debt. Elon Musk. The challenge now is how he will do this and how quickly he will put together the $46.5 billion to buy Twitter.

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Sowmiya Sriram

07/10/2022 02:02 PM