TWITTER: Worlds richest man secures $44 Bn deal to take over Twitter – Opinion
TWITTER: Worlds richest man secures $44 Bn deal to take over Twitter – Opinion
By GEO´ Newsteam – Gibraltar
www.GEOPoliticalMatters.com
Bloomberg has reported on serial entrepreneur Elon Musk´s takeover f sometime controversial social media platform Twitter.
Twitter are reported to have reached an agreement from “the world richest man” Musk to buy the platform for a staggering $44 billion [€41.43 Bn. The entrepreneur has outlined funding of $13 billion via bank financing secured by the social-media company and $12.5 billion backed by a pledge of some of his $170 billion Tesla stake.
However he appears to be “sketchy” on exactly how he funds his share. While the world’s richest person has a fortune of $257 billion, he has just about $3 billion in cash and somewhat liquid assets, according to Bloomberg estimates. Meanwhile, some users apparently were not fond of the news and are searching for alternative platforms. Learn More/… For our full analysis on the Twitter takeover Direct to your Inbox or Smartphone please click here to register free
