Elon Musk Denies $3 Billion Fundraising Talks to Pay Down Twitter Debt

Recent reports suggested that Elon Musk was exploring raising up to $3 billion to alleviate the significant debt incurred during his acquisition of Twitter. These reports, fueled by a Wall Street Journal article, indicated that Elon Musk's team has been exploring using as much as $3 billion in new fundraising to help repay some of the $13 billion in debt tacked onto Twitter Inc for his buyout. The Wall Street Journal report also mentioned that Musk’s team has acknowledged an equity raise, “could be used to pay down an unsecured portion of the debt that carries the.

However, Billionaire Tesla (NASDAQ: TSLA) chief Elon Musk denied a report that said he's evaluating raising up to $3 billion to help pay down some of the $13 billion in debt he accrued. The conflicting information leaves the future of Twitter's debt strategy uncertain.

The need for such fundraising stems from the substantial financial burden placed on Twitter following the acquisition. After borrowing $13 billion to secure Twitter’s acquisition, Elon Musk is looking to recover debts by selling up to $3 billion in company shares to investors, according to initial reports. This debt, estimated at $13 billion, is a major factor driving the need to find new financial solutions.

While the potential fundraising was widely discussed, with sources claiming that Twitter CEO Elon Musk is reportedly looking into raising $3 billion to offset the recent debt the company has accrued since he took over in October, Musk's denial casts doubt on the immediate plans to pursue this specific avenue. (Reuters) -Elon Musk's team has been exploring using as much as $3 billion in new fundraising to help repay some of the $13 billion in debt tacked onto Twitter Inc for his buyout.

The situation remains fluid, and further developments regarding Twitter's debt repayment strategy are anticipated. Stay tuned for updates as this story unfolds.