ELON MUSK HAS MONEY TO BUY TWITTER — NOW WHAT? So Musk is planning to pay $21 billion himself. The rest of the money, according to the letters of commitment, is coming from Morgan Stanley and assorted other banks. In one letter, the banks are offering $13 million in loans to Twitter; the second offers a $12.5 billion personal loan against Musk's Tesla stock, which I'm sure will just thrill Tesla shareholders. The dates on these letters are, you guessed it, April 20th or 4/20, blaze it, etc. The Verge |
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