On Wednesday, Elon Musk pledged another $ 6.25 billion to fund the $ 44 billion donation to Twitter, reducing its $ 1 billion loan deficit against its Tesla shares to zero. The disclosure made to the regulatory file on Wednesday signed that Musk was working to end the deal even though last week he linked his progress with Twitter which showed evidence that spam bots account for less than 5% of all users.
Although he doubted that spam bots account for at least 20% of users, the world’s richest man and Tesla’s top manager had suggested he could demand a lower price for the communications company.Musk said on Wednesday he had been in talks with shareholders, including Jack Dorsey, to find other financial obligations to fund the deal. Musk was not immediately available for comment. He initially took out a $ 12.5-billion loan, but earlier this month he reduced it to $ 6.25 billion after bringing in fellow investors.
In April, Musk had invested $ 46.5 billion in debt and equity funds to buy Twitter, while Musk himself made $ 33.5 billion.Following Musk’s proposal, the Twitter board initially voted to adopt a toxic pill that reduced his ability to grow his penis, but later voted unanimously to accept his purchase offer.Twitter last week said it was committed to the agreement at an agreed price of $ 54.20. Separately, at the annual shareholders’ meeting on Wednesday, Twitter investors blocked the re-election of ally of Musk to its board.
