When Elon Musk offered to take Twitter (TWTR 0.39%) private, he pledged $21 billion of his personal wealth to the deal. The Tesla (TSLA 4.77%) CEO already sold about $8 billion of his stock in the electric vehicle company, so he will most certainly have some skin in the game. But Musk is also looking for private equity firms to contribute some cash to the deal, shrinking his own cash investment and potential ownership stake even further. What does he really want from this controversial deal? The original deal structure Let’s start with the original ownership structure of the proposed Twitter buyout: A consortium of banks agreed to inject $13 billion in loans secured against the Twitter business. Another $12.5 billion in bank loans is backed by Musk’s Tesla stock. Finally, $21 billion of the price tag will be paid out of Musk’s pocket. In Tweets made after the deal announcement and the subsequent Tesla stock sales, Musk has said that he won’t sell any more stock in support of this buyout. That sounds strange to me because this man has a history of keeping his wealth locked up in stock and other assets, to the point where he often…
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Is Elon Musk Moving the Goalposts for His Twitter Deal? | The Motley Fool
