Musk-Twitter deal apparently stuck on $13 billion debt contingency
Musk-Twitter deal apparently stuck on $13 billion debt contingency
By Jef Feeley, Michelle F. Davis and Paula Seligson | Bloomberg
Talks between Elon Musk and Twitter to reach a resolution of the $44 billion takeover are stuck, in part, over Musk’s statement that his offer is now contingent on receiving $13 billion in debt financing, according to people familiar with the matter.
The billionaire’s lawyers said in an Oct. 3 SEC letter that Musk was willing to do…
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