Close Menu
  • Business
    • Market Place
  • Devices & Gadgets
    • Buyers Guide
    • Trending
    • Social
  • Mobile & Telecoms
    • Broadband
  • Innovations
    • APPS
    • Start-ups
    • Software
    • AI ( artificial intelligence)
    • Auto-Tech
  • Health
    • Security
  • State
    • NCC
    • NiRA and .ng
    • NITDA
  • i-Sports
    • i-tertainment/Gaming
    • I-TV/Podcast
  • Reviews
    • Opinion
    • Special Report
    • Editorial and Analysis
  • Others
    • Events
    • Archive
    • Interviews
Facebook X (Twitter) Instagram
Latest
  • KongaPay Raises the Bar with Three ISO Certifications
  • SeerBit, Spectranet Launch ExpressPay to Revolutionise Internet Subscription Payments
  • Zinox Group’s Vision for Empowering 10,000 Women in Tech
  • FBNQuest Hosts Estate Planning Summit
  • TD Africa’s TecHERdemy churns out 400 female graduands
  • PAFON 2.0: Experts Highlight Ingredients for Accelerated Financial Inclusion in Nigeria
  • Starlink Gen 3 Kit Revolutionizes Satellite Internet in Nigeria
  • NITDA calls for public inputs on Digital Public Infrastructure document
Facebook X (Twitter) Instagram YouTube LinkedIn
IT NEWS NIGERIAIT NEWS NIGERIA
Subscribe Now
  • Business
    • Market Place
  • Devices & Gadgets
    • Buyers Guide
    • Trending
    • Social
  • Mobile & Telecoms
    • Broadband
  • Innovations
    • APPS
    • Start-ups
    • Software
    • AI ( artificial intelligence)
    • Auto-Tech
  • Health
    • Security
  • State
    • NCC
    • NiRA and .ng
    • NITDA
  • i-Sports
    • i-tertainment/Gaming
    • I-TV/Podcast
  • Reviews
    • Opinion
    • Special Report
    • Editorial and Analysis
  • Others
    • Events
    • Archive
    • Interviews
IT NEWS NIGERIAIT NEWS NIGERIA
Home»Uncategorized»Twitter Deal financing: Musk offloads $billions worth of Tesla shares
Uncategorized

Twitter Deal financing: Musk offloads $billions worth of Tesla shares

IT NEWS NIGERIABy IT NEWS NIGERIAApril 29, 2022No Comments1 Min Read
Facebook Twitter Pinterest LinkedIn Tumblr WhatsApp VKontakte Email
Share
Facebook Twitter LinkedIn Pinterest Email

Musk has sold almost $4 billion worth of stock Tesla shares after Twitter deal

Advertisement

IT News Nigeria:

Elon Musk has sold some $4 billion worth of Tesla shares aimed at securing $44 billion deal to buy social media platform Twitter, according to Report

Securities and Exchange Commission filings published on Thursday said the Tesla CEO offloaded 4.4 million shares on April 26 and April 27. He now holds just over 168 million shares in Tesla, via a trust.

 Musk said in a tweeted late Thursday that “No further TSLA [Tesla’s stock symbol] sales after today.”

The world’s richest man, Musk, reached an agreement on April 25 to acquire Twitter using a financing plan that has alarmed some Tesla investors. To finance the takeover, Musk has pledged up to $21 billion from his personal fortune, with the rest financed by debt.

Tesla’s share price plummeted amid investor concern that the multibillionaire would offload stock in the company to help fund the all-cash deal for Twitter. The stock dropped more than 12% on Tuesday after the announcement of the buyout, the biggest one-day drop since September 2020. The shares were trading at $903.13 apiece in pre-market on Friday.

Post Views: 194
Share. Facebook Twitter Pinterest LinkedIn Tumblr WhatsApp Email
Previous ArticleKonga Tech Week promises huge discounts, massive deals – organizers
Next Article Ransomware Hit 71% of Nigerian Organizations Surveyed for Sophos’ Annual “State of Ransomware 2022”
IT NEWS NIGERIA

Related Posts

3 Mins Read

Nigerian Tech Industry Abuzz as TECNO Introduces AI Innovation

October 9, 2024
5 Mins Read

The Role of Corporate Governance in Fundraising for African Tech Startups

September 2, 2024
2 Mins Read

From Talent to Triumph: TECNO Celebrates Nigerian Idol Winner, Chima

July 22, 2024
3 Mins Read

L’Oreal Secures Exclusive Launch Deal with Konga

July 15, 2024
Leave A Reply Cancel Reply

About Us
IT NEWS NIGERIA (www.itnewsnigeria.ng) is an on-line platform aimed at enriching Nigeria and Africa content in the cyberspace.

We believe the future is online.
Popular Updates

Design Bootcamps vs Self-Taught, A product designer’s perspective

March 22, 2024

How to get N100,000 loan @3% at Zenith Bank and other services

November 12, 2020

Interview: From Start-ups to Big Brands: Growth Marketing Strategies that work by Oluwasekemi Akinbo

May 18, 2023

Subscribe to Updates

Get the latest tech news & updates from IT NEWS NIGERIA

Facebook X (Twitter) Instagram Pinterest YouTube LinkedIn
  • About Us
  • Privacy Policy
  • Terms of Service
  • Advertise With Us
  • Contact Us
© 2025 IT NEWS NIGERIA.

Type above and press Enter to search. Press Esc to cancel.

Signup to our Newsletter