Mirae Asset in talks to help fund Elon Musk’s Twitter deal – source

Posted on October 24, 2022Comments Off on Mirae Asset in talks to help fund Elon Musk’s Twitter deal – source

© Reuters. FILE PHOTO: Twitter app is seen on a smartphone in this illustration taken, July 13, 2021. REUTERS/Dado Ruvic/Illustration

SAN FRANCISCO (Reuters) – South Korea’s Mirae Asset Financial Group is planning to commit about 300 billion Korean won ($207.91 million) to help finance Elon Musk’s $44-billion buyout of Twitter Inc (NYSE:), a person familiar with the matter told Reuters on Monday.

The deal with Mirae is expected to be finalized in the coming days before the deadline for the closing of the deal expires on October 28, the source added.

Musk’s lawyer and Mirae Asset were not immediately available for comments.

($1 = 1,442.9400 won)

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Comments Off on Mirae Asset in talks to help fund Elon Musk’s Twitter deal – source