Exclusive-Musk in talks for new Twitter financing-sources

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Reuters UK

By Chibuike Oguh and Krystal Hu (Reuters) – Elon Musk is in talks with large investment firms and high net-worth individuals about taking on more financing for his $44 billion acquisition of Twitter Inc and tying up less of his wealth in the deal, people familiar with the matter said. The banks that agreed last month to provide $13 billion in loans secured against Twitter balked at providing more debt for Musk’s acquisition given the San Francisco-based company’s limited cash flow, Reuters reported last month. Musk committed to providing $21 billion in cash for the deal. Musk could use the new…

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