Elon Musk reported new equity partners for his Twitter takeover, raising $7 billion in funding for his $44 billion purchase. But though the acquisition is being covered as if it were a done deal, it still could fall through.
The only $1 billion check comes from Larry Ellison. Mega-investors like Fidelity and Qatar's sovereign wealth fund come in at less than half of that.to the tune of $13 billion, split between bank loans and junk bonds that together will cost aboutOn top of the debt servicing costs, Musk also is going to have to pay Twitter employees cash to make up for the stock-based compensation they're currently receiving.
Musk is going to have to make Twitter vastly more profitable — and fast — if he wants to be able to cover his debt service costs and pay his employees.Sequoia Capital Fund, L.P.: $800 millionAliya Capital Partners LLC: $350 millionStrauss Capital LLC: $150 millionKey Wealth Advisors LLC: $30 millionTresser Blvd 402 LLC: $8.5 million
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