Elon Musk's discussions with Mirae Asset to finance his Twitter agreement: Source

Elon Musk's discussions with Mirae Asset to finance his Twitter agreement: Source. Reuters reported that a source close to the situation in San Francisco said that South Korean financial institution Mirae Asset Financial Group intends to pay around 300 billion Korean won ($208 million) to help finance Elon Musk's $44 billion takeover of Twitter.

The source said that Mirae's contract is expected to be finalised in the next few days, with the Twitter deal completed by October 28 as a hard deadline.

According to the source, Mirae Asset funded Musk's SpaceX rocket and satellite business early this year.

The counsel representing Musk could not be reached for comment right away.

Mirae Asset was unwilling to elaborate. That's why Elon Musk's discussions with Mirae Asset to finance his Twitter agreement: Source announced.

The Korea Economic Daily first revealed the investment plan for Twitter by Mirae Asset.

"According to sources within the investment banking community, Mirae Asset is setting up a 300 billion won fund to back Musk's takeover of Twitter. In order to purchase a share in Twitter together with Musk, the fund is structured as follows: "as stated in the document.

Financial experts say Musk needs to drum up more equity investors to pay for the Twitter acquisition and prevent him from having to sell any more of his stake in Tesla.

The judge in Delaware ordered Musk until October 28 to complete his takeover of the social media platform.

Shares of Tesla have been under pressure from investor concerns that the billionaire may sell more shares to finance the transaction.

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