Elon Musk’s team has reached out for potential fresh investment for Twitter at the same price as the original $44 billion deal, according to one shareholder who said he was contacted about the proposal.
Ross Gerber, a shareholder in Twitter and Tesla, says he has been approached to put more money into the social-media platform
Elon Musk has warned of dire financial challenges facing Twitter, the social media company he took over for $44 billion in October. WSJ’s Mark Maurer explains how the company is trying to fix its finances and avoid a potential bankruptcy. Photo Illustration: Laura KammermannElon Musk’s team has reached out for potential fresh investment for Twitter Inc. at the same price as the original $44 billion deal, according to one shareholder who said he was contacted about the proposal.
Ross Gerber, president and CEO at Gerber Kawasaki Wealth & Investment Management, said a representative for Mr. Musk contacted him about offering more shares Thursday.
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