Musk assists to cancel Tesla’s margin loan with new Twitter financing

Musk assists to cancel Tesla's margin loan with new Twitter financing

Twitter declined to comment on the report, while Musk could not be reached for comment.

Elon Musk is in converses with raise sufficient value and preferred funding for his proposed buyout of Twitter Inc to negate the requirement for a $6.25 billion edge advance connected to his Tesla Inc shares, Bloomberg Law wrote about Thursday. Musk initially took out a $12.5 billion margin loan got against his Tesla stock to help fund his acquisition of Twitter. In any case, he decreased that loan to $6.25 billion recently after getting co-investors.

Disclaimer: If you need to edit or update this news from compsmag then kindly contact us Learn more

For Latest News Follow us on Google News


Latest Headlines
  • Show all
  • Trending News
  • Popular By week
PlayStation Studios wants to grow its mobile gaming portfolio with first-party titles and more live service games
PlayStation Studios wants to grow its mobile gaming portfolio with first-party titles and more live service games
According to slides uploaded to Sony’s investor portal, spotted by Android Central Wednesday evening, PlayStation Studios is set to focus on expanding its ...
Bookmarks in Gmail for Android now show search filters
Bookmarks in Gmail for Android now show search filters
This information is followed by: From, To, Attachment, Date, Is unread, and Exclusive calendar updates. Those are the same ones that appear in Gmail search ...
Apple Launches Tap-To-Pay;  Mobile payment users are more likely to overspend
Apple Launches Tap-To-Pay; Mobile payment users are more likely to overspend
Apple will begin rolling out its new Tap to Pay feature for the public. The feature was unveiled in February and lets iPhones that were compatible take ...
According to laptop data, Hunter Biden purchased and used recording phone apps
According to laptop data, Hunter Biden purchased and used recording phone apps
Records located on a copy of Hunter Biden’s laptop suggest he took personal data from his sister-in-law’s cellphones over a dozen times between 2017 and 2018 ...
Page Industries up 8% on strong operating performance in March quarter
Page Industries up 8% on strong operating performance in March quarter
The stock of garments and apparels hit a 52-week high of Rs 46,705 on April 26, 2022. At 10:26 am; it traded 8 per cent higher at Rs 44,935, as compared to ...
“A New Adventure is Coming,” says Owlcat Games, who has launched a teaser website
“A New Adventure is Coming,” says Owlcat Games, who has launched a teaser website
The most interesting part is the background which is set in space with various planets in the background and asteroids flying past. Perhaps the developer is ...
It is possible that Apple is counting on India to boost iPhone Production
It is possible that Apple is counting on India to boost iPhone Production
In terms of volume, India is considered the second-largest mobile phone manufacturing country in the world, behind China and ahead of Vietnam and Mexico. ...
In 2022, Apple expects to sell fewer iPhones than expected (about 20 million fewer
In 2022, Apple expects to sell fewer iPhones than expected (about 20 million fewer
Bloomberg reports that Cupertino seems to have decided to take a more conservative stance this year, adding that the year could be quite challenging for the ...
Microsoft's surface Laptop Studio now has a dynamic refresh rate
Microsoft’s surface Laptop Studio now has a dynamic refresh rate
If you’re not familiar, Dynamic Refresh Rate is a feature for Windows 11 that lets your PC choose the right screen refresh rate as needed. The Surface Laptop ...
Russian billionaire under investigation by UK for sanctions violations
Russian billionaire under investigation by UK for sanctions violations
Authorities raided Aven’s English home last week and are scrutinizing money transfers to the UK by Aven following Russia’s invasion of Ukraine on Feb. 24, ...
Show next
We will be happy to hear your thoughts

Leave a reply

Compsmag - Latest News In Tech and Business
Logo