TELETRADER News
5/26, 12:16 PM
(Source: TeleTrader)
Twitter+2.25%
Twitter up 5% premarket after Musk pledges more funding
Twitter Inc. shares increased by 5% in the premarket on Thursday, after Elon Musk increased his own commitment to the $44 billion acquisition deal.
Elon Musk offered an additional $6.25 billion in equity financing to fund the transaction increasing the amount of his equity commitment to $33.5 billion, according to the regulatory filing released the previous day.
The company's shares were up by 5.73% at 6:16 am ET before the opening bell.