Undoubtedly, one of the most popular names in the world of entrepreneurship. Elon Musk, founded three new companies named “X Holdings”. in a quiet way X Holdings I, X Holdings II and X Holdings III Applying for companies named Musk, he tries every way to buy Twitter.
The SEC filing of Tesla and SpaceX CEO, prepared to update investor activities, revealed Musk’s new companies. Firms named X Holdings will be used as part of the Twitter buyout offer. But it could also be Musk’s “roof company” plan.
Elon Musk found the money for Twitter!
Elon Musk said he could commit $46.5 billion in funding for the Twitter bid. That’s enough for Twitter uptake.
X Holdings step for Twitter from Elon Musk
Saying that he wants to buy the entire company after becoming a partner in Twitter in the past weeks, Elon Musk is looking for new sources for the financing he will provide to the shareholders. Tesla and SpaceX CEO, who has not yet received a response to his offer, A new trio of companies for Twitter founded.
The Tesla and SpaceX CEO has pledged to secure funding for approval to acquire Twitter. Analyzing the files, experts said that Elon Musk’s “banks and other organizations” $46.5 billion revealed that it has agreements to
But not all of the money needed to buy Twitter will come from Elon Musk’s budget. Approximately $13 billion of takeover bid Morgan Stanley from various investment banks such as; $12.5 billion financing Elon Musk’s Tesla shares from reserve margin loan will be given.
The third part of the proposal will be X Holdings companies. Having pledged equity for the remaining $21 billion to buy Twitter, Musk cited X Holdings as the primary investor.
It is also thought that Elon Musk will move all his companies under the company called X Holdings. Google’s umbrella company to Alphabet similarly, Elon Musk has the potential to use X Holdings for all of his ventures.
However SpaceX, Neuralink and Boring It is not easy to merge companies like X Holdings. Since the companies founded by Musk are private companies and their valuations have reached record levels in recent years, they have to buy each of them separately.
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