Filing: Elon Musk's new $7.14B in equity financing for Twitter, which includes investment from Qatar, reduces the margin loan from $12.5B to $6.25B
Elon Musk has secured about $7.1 billion of new financing commitments for his proposed $44 billion takeover of Twitter Inc., the company said in a filing Thursday.
Bloomberg Edwin Chan
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Discussion
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@petermccormack
Peter McCormack
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Qatar Holding LLC investing alongside @elonmusk... a subsidiary of the Qatar sovereign wealth fund. Hardly the bastions of free speech and human rights. https://twitter.com/...
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@parkermolloy
Parker Molloy
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Noted free-speech champions... uh... the Qatari government https://twitter.com/...
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@sociogeeks_
@sociogeeks_
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“Qatar already has a host of repressive laws, but this new legislation deals another bitter blow to freedom of expression in the country and is a blatant breach of international human rights law,” said Lynn Maalouf, Amnesty's Middle East research director. https://twitter.com/...
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@jonrussell
Jon Russell
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Funny to raise free speech and take investment from Qatar which has a “vaguely-worded law which criminalizes a broad range of speech and publishing activities” https://www.amnesty.org/... https://twitter.com/...
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@samcarvalho
Samuel Carvalho
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A reminder that someone's net worth does not reflect they have that actual money. It's always tied up in assets and they tend to have very little in actual spending cash (when compared against net worth). https://twitter.com/...
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@danprimack
Dan Primack
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@jack Qatar is an interesting choice for a “free speech” platform.
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@compound248
@compound248
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Elon has reduced his margin loan by half and increased the $TWTR equity check to $27 billion (ahem, as predicted). Coinvestors include: • Prince Alwaleed for $1.9B • Larry Ellison of $ORCL in for $1.0B • Sequoia and Vy Capital in for a combined $1.5B https://twitter.com/...
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@garyblack00
Gary Black
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2/ $TSLA likely to move higher as @elonmusk convinces other large $TWTR holders such as HRH Prince Alsaud (4.3% stake) to roll TWTR shares to private. A new 13D shows Elon has equity commitments of $7.1B from other sources. Elon will reduce the margin loan from $12.5B to $6.25B.