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Benzinga
Benzinga
Technology
Rachit Vats

Elon Musk's Financing Efforts For Twitter Deal On Hold Amid Uncertainty: Report

Elon Musk NYSE Nasdaq Tesla Inc. Twitter Inc. TWTR

Tesla Inc (NASDAQ: TSLA) CEO Elon Musk’s fundraising efforts for his $44 billion Twitter Inc (NYSE: TWTR) take-private bid have been put on hold due to uncertainty over the deal, Reuters reported on Tuesday, citing people familiar with the matter.

What Happened: Musk has to pay $33.5 billion in cash to fund the Twitter deal, while debt financing will cover the rest. 

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