If the squabbling ever stops over Elon Musk’s renewed bid to buy Twitter, experts say he still faces a huge obstacle to closing the $44 billion deal: Keeping his financing in place. AdvertisementThe fighting continued Thursday, when Musk’s attorneys said Twitter is refusing to accept his revived bid to buy the company. In Thursday’s court motion, Musk alleges that Twitter doesn’t want to set the lawsuit aside because of a “baseless” fear that Musk could fail to get the bank financing. If any equity investors drop out, though, Musk will either have to replace them or throw in more money, fueling speculation that he might have to sell more Tesla shares. And because Musk already tried to back out of the deal once, Twitter will want a guarantee of some sort that he won’t back out again.

Source: Forbes October 08, 2022 01:40 UTC