Twitter-Musk deal includes $1 billion termination fee - filing

  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 8 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 7%
  • Publisher: 66%

Loans Loans Headlines News

Loans Loans Latest News,Loans Loans Headlines

:Elon Musk will have to pay Twitter Inc a fee of $1 billion if the billionaire terminates his $44 billion cash deal for the social media company, it said in a filing on Tuesday.One of the conditions for Musk's payment is if the deal falls through because the equity, debt and or margin loan financing needed is

:Elon Musk will have to pay Twitter Inc a fee of $1 billion if the billionaire terminates his $44 billion cash deal for the social media company, it said in a filing on Tuesday.

Twitter said on Monday that Musk had secured $25.5 billion of debt and margin loan financing and is providing a $21 billion equity commitment.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

What is 1 billion to the richest man on this planet? Not even the Twitter board's 'poison pill' could stop him. Anyway, CNA's far-left liberal activists acting as journalists probably have no clue what Elon Musk's character is like because of the biased news they are getting.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 6. in LOANS

Loans Loans Latest News, Loans Loans Headlines