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Ross Gerber, president and CEO at Gerber Kawasaki Wealth &
Investment Management, told Reuters that he was contacted by a
Musk representative about offering more shares at the same
price, $54.20, that Musk paid to take the company private in
October.
Jared Birchall, the managing director of Elon Musk's family
office reached out to potential investors this week, news
platform Semafor reported on Friday, citing two people familiar
with the fundraising effort.
Twitter and Musk did not respond to Reuters requests for
comments.
Twitter has seen advertisers flee amid worries about Musk's
approach to policing tweets, hitting revenues and its ability to
pay interest on the $13 billion debt that Musk took on to buy
the social media company.
Musk sold another $3.6 billion worth of shares in Tesla earlier
this week, making it nearly $40 billion worth of shares in the
electric-vehicle company sold this year.
Tesla shares on Friday posted their worst weekly loss since
March 2020, with investors increasingly concerned about Musk
being distracted by Twitter and the slowing global economy.
(Reporting by Hyunjoo Jin in San Francisco, Priyamvada C in
Bengaluru; Editing by Shounak Dasgupta and Michael Perry)
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