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.
Musk has also pledged some of this Tesla Inc shares to banks to arrange a $12.5 billion margin loan to help fund the deal. He may seek to trim the size of the margin loan based on the new investor interest in the deal financing, one of the sources said. Musk is still deciding whether he will share some his equity check for the deal with potential partners, according to the sources. Musk is not seeking to take on more debt for the Twitter deal currently, the sources added.
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