Louise Bernard 10:45 a.m., May 27, 2022
Elon Musk will borrow less money than expected to afford the social network Twitter.
The boss of Tesla, who should initially borrow 25 billion dollars to carry out the transaction.
Ultimately, this sum will amount to only 13 billion dollars, according to figures from the American Market Authority.
It is a takeover that has been shaking the American high-tech world for several weeks.
Elon Musk wants to buy the American social network Twitter, for a total price of 44 billion dollars.
And the Tesla boss will have to borrow less money than expected to complete his purchase.
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A loan of 13 billion dollars
If the purchase price remains the same, the amount borrowed from the banks will be less.
The Space X founder initially had to borrow $25.5 billion to complete the takeover bid.
In the end, this sum will amount to "only" 13 billion dollars, according to figures provided by the American Market Authority.
This drop is possible thanks to the amount contributed directly by Elon Musk and his partners, higher than expected.
The entrepreneur did not specify whether this money came directly from his personal fortune.
In addition, he continues to seek other sources of financing, to reduce the amount borrowed from banks.
Elon Musk notably announced that he was in discussion with several people, including Jack Dorsey, the co-founder of Twitter and former CEO.