Elon Musk is shoring up his finances ahead of the regulatory approval required to close the Twitter deal. After Twitter board approved Musk’s buyout offer late last month, there was always this possibility of the world’s richest man walking away from the deal. However, the latest filing from Musk suggests he will go through with this deal.
As part of the buyout agreement, Musk is valuing Twitter at $44B and is offering to pay $54.20 per share. Based on Twitter’s closing price recently, the micro-blogging platform is still trading at a 10 per cent discount to the agreed takeover price.