3 points
But the 44B was payed, so they do/did exist.
It was mostly debt swaps. Elon traded equity in Tesla for equity in Twitter.
3 points
Well akschually probably about 22/23 billion were cash according to reuters.
https://www.reuters.com/markets/us/how-will-elon-musk-pay-twitter-2022-10-07/
1 point
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According to a Reuters calculation, Musk had about $20 billion cash after selling part of his stake in Tesla through multiple transactions in November and December last year and April and August.
My mistake. I mistakenly thought he’d simply swapped the Tesla stock at face value, rather than cashing it out via a brokerage.
1 point
