Elon Musk has lined up a group of investors who are committing about $7 billion to back his bid to buy Twitter (NYSE:TWTR). The funds will reduce the amount Mr. Musk will need to put up personally, and possibly help to speed up the deal.
Twitter stock jumped almost 3% in Thursday’s trading to about $50 per share, approaching Mr. Musk’s $54.20 a share offer price. The broader Nasdaq-100 was down 5% on Thursday.
|S&P 500 Return||0%||-13%||85%|
|Trefis Multi-Strategy Portfolio||0%||-17%||227%|
 Month-to-date and year-to-date as of 5/6/2022
 Cumulative total returns since the end of 2016