Sources detail how Elon Musk convinced Morgan Stanley and 11 other banks to back his Twitter bid, including ideas on how to run the business and boost revenue
Publicly, Elon Musk has said he doesn't care about the economics of owning Twitter Inc. — But during a hectic …
Bloomberg
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Discussion
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@michellef_davis
Michelle F. Davis
on x
We went behind the scenes of how Musk convinced a dozen banks to put up $25.5 billion in financing for his Twitter bid in a matter of days. The tipping point? His vision for the social media platform. https://www.bloomberg.com/... story w/ @crystalttc @PSeligson
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@drjasonjohnson
Dr. Jason Johnson
on x
Musk's twitter bid is the perfect encapsulation of the right's disingenuous arguments about free speech. Parler & Gab were supposedly free of the #WokeMob but failed. Why? MAGA doesn't care about speech they want access to different kinds of people they can harass
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@ivanthek
@ivanthek
on x
This is moronic, if true. Musk's willingness to put in a chunk of his personal windfall in as equity doesn't make the credit thesis more credible, IMO. https://www.bloomberg.com/... https://twitter.com/...
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@sarthakgh
@sarthakgh
on x
“lenders pulled all-nighters as they rushed to get the deal together over the Easter and Passover break and into this week, people familiar with the process said. Most of the banks signed commitment letters Wednesday, which also happened to be April 20 or 4/20...” https://twitter…
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@trengriffin
Tren Griffin
on x
1/ “Some of the lenders saw a slide presentation offering Musk's ideas around how Twitter's business could be run, as well as its financial profile and how to boost revenue.” https://www.bloomberg.com/...
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@emilychangtv
Emily Chang
on x
Some juicy deets in here about how Musk convinced banks to get on-board without having access to Twitter's books... https://twitter.com/...
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@deanobeidallah
@deanobeidallah
on x
Republicans this week are CANCELLING Disney now Republicans in Congress want to CANCEL Twitter executives unless they bend a knee to Elon Musk. At this point Musk is a GOP operative. https://www.cnbc.com/...
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@cgasparino
Charles Gasparino
on x
If the check is real — and I know PE was going to finance debt w real money — how can @Twitter say no after years of failed attempts to sell and operating losses? Elon Musk Says He Has Commitments for $46.5 Billion in Financing for Twitter Deal https://www.wsj.com/...
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@axios
@axios
on x
Elon Musk says he doesn't yet have any equity partners on his takeover bid for Twitter, per a federal securities filing. But he claimed he secured billions of dollars worth of loan commitments from Morgan Stanley. https://www.axios.com/...
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@laurenshirsch
Lauren Hirsch
on x
Elon Musk has unveiled how he hopes to pay for his Twitter bid. Here is our first take but expect lots more to come! https://www.nytimes.com/...
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@pkafka
Peter Kafka
on x
“Twitter's board may try to call his bluff.” Dan remains Elon-skeptical and so does Wall Street. TWTR price barely moving and still way below theoretical Elon bid. https://twitter.com/...
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@pkedrosky
Paul Kedrosky
on x
Why? Because, according to the filing, $21b is equity (of unknown origin), $12.5 billion is margin loans (his own). He has scraped together $13 billion in debt from banks—secured against Twitter itself.