Posted in: Tattle, Technology

Musk seeks to use less of his fortune with bid for more Twitter funding

The tech mogul is looking at various options such as pledging his shares of Tesla to secure bank loans

A week after Elon Musk finalized a $44bn deal to purchase Twitter, the billionaire is working to secure outside funding for the acquisition that would tie up less of his personal fortune.

The world’s richest person is in talks with large investment firms and high net-worth individuals to take on more financing, Reuters reported Monday. Though Musk has an estimated net worth of about $245bn, much of his fortune is tied up in stocks.

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