Elon Musk is the richest person in the world, but he’s scrambling to assemble a buyout bid for Twitter using other people’s cash.
The Tesla tycoon — who is currently worth $270 billion, according to Forbes — is angling to finance hisin a complex deal that raises debt against both the company and possibly his own stock, as well as a giant cash equity infusion from co-investors, The Post has learned.
Musk has said Twitter might be “dying,” and even suggested scrapping its business model, which relies on selling ads.“The co-investors will combined have more equity than Musk but he will be the biggest single holder,” one of the sources said. Before disclosing his Twitter stake, Musk immediately began floating unusual ideas for the company includingMusk also said Twitter might be “dying,” and even suggested scrapping its business model, which relies on selling ads.
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