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Musk to provide $6.25 billion more in equity to fund Twitter deal

05/25/2022

Less than a minute

2022.05.25 23:51

Musk to provide $6.25 billion more in equity to fund Twitter deal
Elon Musk arrives at the In America: An Anthology of Fashion themed Met Gala at the Metropolitan Museum of Art in New York City, New York, U.S., May 2, 2022. REUTERS/Andrew Kelly/Files

(Reuters) – Elon Musk has committed to provide an additional $6.25 billion in equity financing to fund a portion of the $44-billion deal to buy Twitter Inc (NYSE:TWTR), a regulatory filing showed on Wednesday.

Twitter shares jumped 10% in extended trading.

05/25/2022

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