Elon Musk is looking for new investors for Twitter and is offering shares at the same price at which he bought it. According to various specialized media, the company was only a few months ago.
The report was sent by Semafor and is endorsed by The Wall Street Journal, among others, after contact with investors who received a new offer to deposit money on the social network.
Among them is Ross Tanner, president of an investment firm that contributed nearly $1 million to the operation that saw Musk take control of Twitter and was contacted by the company Thursday about the opportunity to buy more shares.
According to these media, the bonds cost $54.20, the same as what Musk paid and which valued Twitter at about $44 billion.
The billionaire spent months trying to renegotiate or break the deal he made to take over the company.
Musk himself admitted that Twitter had a huge drop in revenue last month and came to talk about the risk of possible bankruptcy in the future.
As part of the purchase process, the company took on about $13,000 million in debt, so you can expect high interest payments for years to come.
Musk, for his part, has sold billions of dollars worth of stock in Tesla in recent months, the electric vehicle company he heads and in which he has concentrated most of his immense fortune.
Source: La Neta Neta
Karen Clayton is a seasoned journalist and author at The Nation Update, with a focus on world news and current events. She has a background in international relations, which gives her a deep understanding of the political, economic and social factors that shape the global landscape. She writes about a wide range of topics, including conflicts, political upheavals, and economic trends, as well as humanitarian crisis and human rights issues.
