{"id":3875,"date":"2023-03-26T09:21:24","date_gmt":"2023-03-26T08:21:24","guid":{"rendered":"https:\/\/www.ceoinfluencers.com\/?p=3875"},"modified":"2023-03-26T09:21:24","modified_gmt":"2023-03-26T08:21:24","slug":"where-did-elon-musk-buy-twitter","status":"publish","type":"post","link":"https:\/\/www.ceoinfluencers.com\/where-did-elon-musk-buy-twitter\/","title":{"rendered":"Where did elon musk buy twitter?"},"content":{"rendered":"

In July of 2020, Tesla and SpaceX CEO Elon Musk bought $24.9 million worth of Twitter shares. This adds to the approximately $10 million worth of Twitter shares that he already owned. Why did Musk buy more Twitter shares? And what does he plan to do with them?<\/p>\n

Elon Musk purchased Twitter in 2020 for $80 million.<\/p>\n

Where did Elon get the money to buy Twitter? <\/h2>\n

Elon Musk is the richest person in the world, but he only used some of his cash to buy Twitter for $44 billion. For the rest of it, he used a tactic called a leveraged buyout and spent $13 billion of borrowed money on the acquisition.<\/p>\n

On April 25, Tesla CEO Elon Musk announced that he had reached a deal to take the company private at $420 per share, or $82 billion. The move would make Tesla the largest company ever to be taken private. Musk also said that he had lined up funding for the deal, which would value the company at $70 billion.<\/p>\n

Who sold Twitter to Elon Musk <\/h3>\n
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I’m sorry to hear about the mass layoffs at Twitter. I know it must be tough for everyone who is affected. I hope that the company can bounce back from this and that everyone who is affected can find new jobs soon.<\/p>\n

Elon Musk is one of the richest people in the world, but he only used some of his cash to buy Twitter for 44 billion bucks. A third of it was borrowed from banks. This just goes to show that even the richest people in the world don’t have everything in cash. They have to borrow money just like everyone else.<\/p>\n

Who loaned Musk money for Twitter? <\/h2>\n

This is a note on the topic of the loan that a group of banks provided to Elon Musk so that he could buy Twitter and take it private. This loan was for $125 billion. The banks that signed on for this loan included Morgan Stanley and Bank of America.<\/p>\n

The group of banks that are providing financing to a particular borrower are called a syndicate. In this case, the borrower is being financed by a group of six banks. The banks in the syndicate are Morgan Stanley, Bank of America, Barclays Mitsubishi UFJ Financial Group, BNP Paribas, Mizuho Financial Group, and Societe Generale.<\/p>\n

What happens to my Twitter stock if it goes private? <\/h2>\n
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When a publicly traded company is acquired and taken private, shareholders may be subject to capital gains tax. This will depend on how long the shares were held, with shorter-term holdings being subject to the higher short-term capital gains rate, and longer-term holdings being subject to the lower long-term capital gains rate.<\/p>\n

Musk has been known to be a heavy user of Twitter, and has used it in the past to help market his companies. It’s possible that, besides wanting to implement his vision for Twitter to become a platform of free speech, he also wants to use it as a marketing tool for his other businesses. Only time will tell what his true intentions are.<\/p>\n

Is Elon Musk 100% owner of Twitter <\/h3>\n

Musk’s $335 billion equity commitment included his 96% Twitter stake, which is worth $4 billion, and the $71 billion he had secured from equity investors, including Oracle Corp (ORCL.<\/p>\n

Musk has been working on securing funding for his ambitious plan to take Tesla private, and it seems that he may have finally secured the necessary financing. While the details are still murky, it seems that Musk has committed a significant amount of his personal wealth to the effort, including his entire stake in Twitter.<\/p>\n

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This is a bold move by Musk, and it will be interesting to see how it plays out. If successful, it could be a massive payday for Musk and his investors. However, it is also a high-risk gambit that could backfire spectacularly if things don’t go according to plan.<\/p>\n

It looks like some big name firms are going to be cashing in big time after Elon Musk’s recent acquisition of Twitter. This could be a huge windfall for these firms and their clients, so it will be interesting to see how everything plays out.