Elon Musk purchased himself a while on Thursday, after a decide accepted the billionaire’s request to halt a Twitter lawsuit to permit him to shut his proposed $44 billion buyout of the social media firm by Oct. 28.

Now comes the large query: how will he pay for it?

Musk stated earlier this week he would purchase Twitter for $54.20 per share, the value that was agreed in April, however included a situation that the closing of the deal be contingent on debt financing for the transaction coming via.

What’s his financing plan?

Musk has pledged to supply $46.5 billion in fairness and debt financing for the acquisition, which covers the $44 billion price ticket and shutting prices. Banks, together with Morgan Stanley and Financial institution of America Corp, dedicated to supply $13 billion of debt financing to assist the deal.

Twitter on Thursday cited one of many banks as saying that Musk had not communicated to them that he intends to shut the transaction. Musk stated that banks had been “working cooperatively to fund the shut” on or round Oct. 28.

Musk’s $33.5 billion fairness dedication would come with his 9.6% Twitter stake, which is value $4 billion, and the $7.1 billion he secured from fairness traders, together with Oracle Corp co-founder Larry Ellison and Saudi Prince Alwaleed bin Talal.

That leaves Musk needing to safe a further $22.4 billion of funds to cowl the fairness financing portion of the deal.

How a lot money does he have?

Musk, 51, is the world’s richest particular person with a web value of $219 billion in keeping with Forbes, however a big portion of his fortune is tied to his stakes in Tesla and House X.

In response to a Reuters calculation, Musk has about $20 billion of money after promoting down a part of his Tesla stake via a number of transactions in November and December final 12 months and April and August this 12 months. This implies he would want to lift a further $2 billion to $3 billion, even when the opposite fairness and debt commitments are honored.

How can he fill the fairness shortfall?

He can both select to promote down extra of his stake in Tesla, or his stake in SpaceX. Different choices embody acquiring a mortgage from banks in opposition to the shares, or getting extra traders to contribute fairness.

In August, Musk stated he doesn’t plan to promote down his stake in Tesla any additional, however the newest U-turn from Musk has revived issues over whether or not he’ll promote extra of the electric-vehicle maker’s inventory to fund the deal.

Musk owned 465 million Tesla shares value $111 billion following its 3-for-1 inventory break up, in keeping with Reuters’ calculation. He has already borrowed closely in opposition to an enormous portion of his Tesla stake.

Does he have sufficient fairness for traders?

On April 20, Oracle founder Larry Ellison stated he was eager about taking part within the deal as one of many traders in Twitter.

Ellison is amongst a gaggle of traders who’ve collectively promised to chip in $7.1 billion of financing for the deal. To date, no traders have publicly stated they’d again away from their commitments.

(This story has not been edited by NDTV workers and is auto-generated from a syndicated feed.)