5/26, 12:16 PM (Source: TeleTrader)
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Chart for: Twitter Inc

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.

Baha Breaking News (BBN) / AB