Mirae Asset in talks to help fund Elon Musk's Twitter deal, source
The Hindu
Analysts say Musk needs to attract more equity investors to finance the Twitter purchase and avoid further sales of his stock in Tesla
South Korea's Mirae Asset Financial Group is planning to commit about 300 billion Korean won ($208 million) to help finance Elon Musk's $44-billion buyout of Twitter Inc, a person familiar with the matter told Reuters on Monday.
(For insights on emerging themes at the intersection of technology, business and policy, subscribe to our tech newsletter Today’s Cache.)
The deal with Mirae is expected to be finalized in the coming days before the deadline for the closing of the Twitter deal on Oct. 28, the source added.
Mirae Asset earlier this year invested in Musk's rocket and satellite company SpaceX, the person said.
Musk's lawyer and Mirae Asset were not immediately available for comments.
The Korea Economic Daily earlier reported Mirae Asset's investment plan for Twitter.
Analysts say Musk needs to attract more equity investors to finance the Twitter purchase and avoid further sales of his stock in electric carmaker Tesla.
Karnataka aims to revolutionize farming with digital tech, empowering smallholder farmers and promoting innovation for economic growth.
Join 'Uyir Road Safety Hackathon 2025' to innovate road safety solutions and save lives in Coimbatore.
Supreme Court advocate Vrinda Grover withdraws from representing family of raped and murdered doctor in Kolkata case.
T-Hub partners with NJII and NJIT for trade and tech innovations, aiming to boost growth in Telangana.
Tamil Nadu Governor R.N. Ravi honors scholars for promoting Tamil literature, emphasizes importance of mother tongue in education.
In association with Prayoga Institute of Education Research, the Sustainability Garage, equipped with state-of-the-art facilities, would serve as a hub for multidisciplinary research, focusing on developing eco-friendly materials with diverse applications to benefit society, said MBRDI.
Actor Allu Arjun seeks to quash FIR after woman dies during Pushpa 2 premiere, offers financial assistance to family.
Allahabad High Court judge Shekhar Kumar Yadav’s controversial statements: Notice needs endorsement of 50 Rajya Sabha MPs to be considered by the Chairman or 100 Lok Sabha MPs to be taken up as an impeachment motion in the Lok Sabha
Groups regular to the botanical garden on Cathedral Road send letters to the horticulture department to find them an alternate space to walk. The park is closed for public and walkers due to maintenance work in preparation for the flower show
A study by SNEHA and University College London found community-led interventions increase disclosure of violence among Mumbai women.
Supreme Court challenges decision to halt Udayasthamana Pooja at Guruvayur temple, emphasizing deity's divinity over public convenience.