Apollo Global Management Inc and Sixth Street Partners, which had been looking to provide financing for the deal, are no longer in talks with Elon Musk, two sources said
shares retreated further from Elon Musk’s offer price on Thursday as investors fretted over financing for the proposed $44-billion buyout of the social media firm against the backdrop of growing economic uncertainty.
Shares of the microblogging site were down marginally at $51.12, after rising 20 per cent since Musk this week proposed to go ahead with the April bid of $54.20 per share to take Twitter private. Major banks that committed to fund $12.5-billion, or about 28 per cent of the deal, could be facing hefty losses as the swift pace of interest rate hikes has ratcheted up market volatility and dampened appetite for leveraged financing.shares this year and is leaning on large investors for a chunk of the financing, leading to speculation over whether he will sell more of the electric-vehicle maker’s stock to fund the deal.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Drake To Make His Debut Performance At Harlem’s Historic Apollo TheaterWhen Drake hits the stage at his upcoming New York show, he'll be performing at one of the Big Apple's most legendary venues: Harlem's Apollo Theater. The Toronto rapper took to Instagram on Tuesday to announce he'll be playing the Apollo for the first time ever on Friday, Nov. 11. https://www.instagram.com/p/CjTldHou5qz/ As Spin points out, Drake's…
Read more »
Toronto blames global supply chain issues for closing park for almost half a yearOngoing issues with the global supply chain is a royal pain in the butt and it seems it's the official reason for why a Toronto park has been close...
Read more »
LNG Canada, country's $40-billion 'second chance' at becoming a global LNG leader, takes shapeMore than 70% complete, LNG Canada promises to unlock the full economic potential of Canada’s rich gas reserves for the first time. Read on.
Read more »
Canada’s supply chains ‘desperately’ need overhaul amid global pinch: report - National | Globalnews.caSupply chain issues 'exposed and exacerbated longstanding weaknesses in the Canadian supply chain,' says the final report from the National Supply Chain Task Force 2022.
Read more »
Bitcoin reclaims support at $20,300 as global financial markets riseBitcoin rallied to a daily high of $20,275 as a drop in U.S. job openings helped ease concerns about more aggressive rate hikes from the Fed.
Read more »