There’s a new development in the Twitter–Elon Musk deal, and this time, it’s a financial one rather than a juicy controversy. In his latest step, Musk has removed Tesla shares as collateral to secure financing for his acquisition of Twitter. He declared the expiry of margin loans in a new filing with the Security and Exchanges Commission (SEC). When Musk first penned the offer to buy Twitter, he committed $21 billion of his own money, and the rest was acquired through loans. He used Tesla shares as collateral to get $12.5 billion as a loan. Earlier this month, a bunch…
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