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Benzinga
Benzinga
Business
Shanthi Rexaline

How Elon Musk Managed to Convince Banks For Financing Proposed Twitter Deal?

Elon Musk disclosed in a filing on Thursday that he has received commitments for $46.5 million in debt financing to buy Twitter, Inc. (NYSE:TWTR). The announcement came a week after he launched his hostile takeover bid, and the social media platform reacted with the adoption of a poison pill.

In a week's time, how did Musk manage to rally the bankers around him?

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