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Elon Musk is days away from owning Twitter

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2 years ago

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Elon Musk is days away from owning Twitter, as he gets set to sign the final papers

Elon Musk is days away from closing his Twitter takeover by Friday.

Reports suggest the banks financing the deal have now finished putting together the credit agreement and are in the process of signing the documentation.

This is one of the last steps before actually sending the cash to Musk.

It’s believed Musk made this pledge during a conference call with key bankers.

He’s seeking approximately $US13 in debt financing from the banks.

Elon Musk

If it goes ahead, the acquisition will make the Tesla CEO the owner of one of the largest social media platforms in the world.

Twitter has been struggling in recent years, and this takeover could be a much-needed boost for the company.

These latest developments Musk is pushing to have the transaction completed by the court-issued October 28 deadline.

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William is an Executive News Producer at TICKER NEWS, responsible for the production and direction of news bulletins. William is also the presenter of the hourly Weather + Climate segment. With qualifications in Journalism and Law (LLB), William previously worked at the Australian Broadcasting Corporation (ABC) before moving to TICKER NEWS. He was also an intern at the Seven Network's 'Sunrise'. A creative-minded individual, William has a passion for broadcast journalism and reporting on global politics and international affairs.

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Will Australia’s foreign investment rule create an economic boost?

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20 hours ago

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May 8, 2024

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Australian Treasurer Dr. Jim Chalmers announced an overall of foreign investment rules ahead of the budget.

Australia is set to announce a significant decline in its projected gross debt, signalling a more optimistic outlook for the country’s fiscal health.

The Airport Economist, Professor Tim Harcourt at UTS joins to discuss.

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Research key to investment success

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3 days ago

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May 6, 2024

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What is the importance of research in the investing and super landscape in Australia?

Wyld Money dives into the world of financial freedom. Whether you’re a seasoned investor or just getting started, join us for actionable tips and tricks to unlock your earning potential, and retire on your own terms.

In this episode, Mark is joined by Peter Green, Director of Research at Lonsec Research. #wyld money

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Why “stagflation” will be the greatest financial threat of 2024

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3 days ago

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May 6, 2024

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With inflation soaring and economic growth tapering off, concerns about stagflation are on the rise

Stagflation, a situation characterised by high inflation coupled with stagnant economic growth, presents a unique challenge that many are ill-prepared to face.

Mark Wyld from MW Wealth joins to unpack what defines “stagflation”. #featured

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