This announcement rocked the internet and the social media world. Just a week ago, Elon Musk confirmed what many suspected: he intends to buy Twitter. To sum it up, Tesla’s CEO said he wants to offer more than $40 billion to succeed in this hostile takeover. However, it is not easy to raise such a sum, including the richest man in the world at the head of a personal fortune of $261 billion. This total confuse car a very large part of this amount consists of shares that he cannot resell in full overnight. According to our colleagues at Les Echos, that’s why he’s working on fundraising.
Elon Musk does face to fierce competition for the takeover of Twitter
Specifically, Elon Musk must personally invest between $10 billion and $15 billion if this operation is confirmed. Parallel to these efforts, he has already commissioned investment bank Morgan Stanley to help him raise $10 billion. Finally, the rest of this amount, about half, will come from co-investors. If this attempt succeeds, observers believe that Elon Musk’s formal offer to Twitter shareholders should be made within ten days after maximum. But the latter don’t hear it that way and seem to oppose the takeover of the company by the sulfur billionaire. We recently spoke with you about the so-called “du” strategy.poison pill” (poison pill). It is clear that if boss SpaceX had to exceed the threshold of 14.9% of the company’s capital, then all other shareholders could buy shares at reduced prices for them and, therefore, increase capital, thus sinking Elon Musk’s participation. Likewise, the contractor will have to face competition from private investment companies. One of them, Tom Bravo, who specializes in technology, would have contacted the company at the end of last week and would have tried to get ahead of Elon Musk in this matter.
