HomeBusinessTwitter-Musk offer consists of $1 billion termination charge: Filing Business Twitter-Musk offer consists of $1 billion termination charge: Filing By Roushan Kumar April 27, 2022 0 280 Share FacebookTwitterPinterestWhatsApp Twitter-Musk offer consists of $1 billion termination charge: Filing Elon Musk will have to pay Twitter Inc a charge of$1 billion if the billionaire terminates his$44 billion cash deal for the social media company, it said in a filing on Tuesday. Among the conditions for Musk’s payment is if the offer fails since the equity, financial obligation and or margin loan funding required is not moneyed, the filing stated. Twitter said on Monday that Musk had actually protected $25.5 billion of financial obligation and margin loan funding and is supplying a$21 billion equity commitment. Twitter, which undergoes”no-shop”limitations, will have to pay the exact same termination cost under defined situations, the filing said. The filing likewise disclosed that the deal might be ended if not closed by Oct. 24. The date might be extended for another 6 months to satisfy certain closing conditions such as antitrust and foreign financial investment clearances. Musk, who is also the primary executive of electric-car maker Tesla Inc, clinched an offer to buy Twitter on Monday in a deal that will move control of the social networks platform occupied by countless users and worldwide leaders to the world’s richest person. Published at Wed, 27 Apr 2022 02:54:53 +0000 Share FacebookTwitterPinterestWhatsApp Previous articleChina detects first human case of H3N8 bird fluNext articleBad Bunny to Play El Muerto in Sony’s Spider-Man Universe Roushan Kumarhttp://deepautomobiles.com RELATED ARTICLES Business Ambani, UK’s tycoon brothers in fight for leading drugstore chain May 15, 2022 Business Within hours of curbs, domestic traders claim wheat rates are softening May 15, 2022 Business Within hours of curbs, domestic traders claim wheat prices are softening May 15, 2022 LEAVE A REPLY Cancel reply Comment: Please enter your comment! Name:* Please enter your name here Email:* You have entered an incorrect email address! 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