Elon Musk fears for family’s safety. Image: ANGELA WEISS/AFP
Elon Musk bought Twitter with the help of Wall Street bank loans, a Saudi Prince and Jack Dorsey. Here’s what we know…
Elon Musk fears for family’s safety. Image: ANGELA WEISS/AFP
Bloomberg reports that South African-born Tesla and SpaceX CEO Elon Musk bought Twitter on Thursday 27 October with the help of Wall Street bank loans and shareholders who agreed to roll over their interest in the social media platform in exchange for a stake in the company that is now private.
Elon Musk officially took over Twitter on Thursday 27 October. Since then he has fired Twitter’s board of directors and became the sole director of the company. This gives the billionaire gives unfettered control over the micro-blogging platform.
Bloomberg reports that the billionaire bought Twitter with the help of Wall Street bank loans shareholders. These shareholders reportedly agreed to roll over their interest in the social media platform in exchange for a stake in the private company. As well as his own wealth, which recently decreased by R2 trillion. However, he is still the world’s richest person.
So, this means that Twitter – whose shares were delisted last week after being a public company now has new investors.
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