Wall Street

Filing says Elon Musk to borrow less in Twitter bid

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The Bangkok Post

SAN FRANCISCO: Elon Musk notified US regulators on Wednesday that he will rely less on loans in his bid to buy Twitter, as he and partners put $33.5 billion into the deal. Twitter shares climbed more than 5 percent on the news, as the market evidently took it as a sign the acquisition is moving forward despite Musk declaring it on “hold” due to his concerns about the number of accounts that might be software “bots” instead of real people. The Tesla chief said in a filing with the US Securities and Exchange Commission that he would seek $13 billion in loans for the Twitter buy instead of using …

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