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Elon Musk has $3 billion in cash. How can he afford to buy Twitter?

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Elon Musk is no stranger to big expensive bets, but his $US43 billion takeover offer for Twitter raises an important question. Can he afford it?

Musk made his move not long after Twitter announced it had failed to reach an agreement with him about joining its board.

Musk has only just disclosed that he had purchased more than 9 percent of Twitter.

But his willingness to make the deal is now being met with questions about his ability to actually complete it — not just Twitter’s willingness to accept it.

Can he afford it?

Right now, according to Bloomberg, Musk has about $3 billion in readily accessible cash.

So he would have to find the money to complete the deal some other way.

That could include selling more shares in Tesla, or raising the cash through debt.

Musk owns about 173 million Tesla shares. But securities filings show that 88 million of them are being used to back personal loans.

In a securities filing, Musk says the proposal is his “best and final offer” while reiterating his disagreement with Twitter’s leadership over the company’s direction.

At least one major shareholder has already announced his opposition.

Ahron Young is an award winning journalist who has covered major news events around the world. Ahron is the Managing Editor and Founder of TICKER NEWS.

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Unpacking crypto ‘prop trading’

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What is crypto proprietary trading and how can it benefit you?

Bitcoin 101 is an exciting talk show that educates viewers on safe participation in crypto markets, providing timely updates and expert insights for informed decision-making.

Hosted by the Managing Director of Crypto CallsCheyne Kupfer.

In this episode, Cheyne sits down with Growth Partner at Crypto Calls, Jack Birkinshaw to talk all things prop trading.

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The art of technical analysis

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How can we master the art of technical analysis in the crypto space?

Bitcoin 101 is an exciting talk show that educates viewers on safe participation in crypto markets, providing timely updates and expert insights for informed decision-making.

Hosted by the Managing Director of Crypto CallsCheyne Kupfer.

In this episode, Cheyne unpacks technical analysis and how it can up your crypto game.

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Crypto: the benefits of government regulation

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How can government regulation lead to greater trust and interest in cryptocurrency?

Bitcoin 101 is an exciting talk show that educates viewers on safe participation in crypto markets, providing timely updates and expert insights for informed decision-making.

Hosted by the Managing Director of Crypto CallsCheyne Kupfer.

In this episode, Cheyne discusses the benefit of increasing government regulation in crypto.

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