NEW YORK: Elon Musk is dropping plans to partially fund his purchase of Twitter Inc with a margin loan tied to his Tesla Inc stake and increasing the size of the deal’s equity component to US$33.5bil (RM147bil).
Musk will provide an additional US$6.25bil (RM27.4bil) in equity financing for the US$44bil (RM193bil) buyout, according to a regulatory filing.
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