Elon Musk say he is working with Silver Lake and Goldman Sachs to help take Tesla private

By | August 14, 2018

Elon Musk said via Twitter on Monday evening that he was working on Goldman Sachs and Silver Lake as financial advisor on Teslas proposal to take private. Elon Musk say he is working with Silver Lake and Goldman Sachs

elon muskMusk also said that he was working as a legal adviser with law firm Whettel, Lipton, Rosen and Katz and Munger and Tolls and Olson.

Goldman Sachs refused to comment. Silver Lake and both law firms did not immediately respond to the request for comment.

Goldman Sachs has long been a major adviser to Tesla, but Silver Lac’s involvement, known as a private equity firm specializing in technical investment, is striking.

Quoting sources, Reuters reported after the tweet that Silver was not discussing participating in Lake Leak as an investor and was “assisting Musk without compensation and in the official capacity as a financial adviser Was not kept in “.Elon Musk say he is working with Silver Lake and Goldman Sachs

It started with a tweet

Musk tweeted on August 7: “I’m considering Tesla taking $ 420 private. Funding is safe.”

In a statement published on the company’s website on Monday, Musk said that after the July 31 meeting with the Managing Director of the Sovereign Fund of Saudi Arabia, he believed that the fund would deal with Tesla personally taking the deal.

tesla private

During the meeting, the Managing Director of the Fund regretted that I had not proceeded with them beforehand on personal transactions, and at this time expressed strong support for Tesla funding a private transaction.

Musk said his statement” I understood from him that there was no need for any other decision makers and they were eager to move forward.

I did not leave any question in the July 31 meeting that an agreement could be closed with the Saudi sovereign fund, and it was a matter of furthering the process.

This is the reason that in the announcement of 7 August, ‘Financing Nutrition Safe.

Musk said in his statement that he is still negotiating with the Saudi fund, but he is also discussing with other investors as he “wants to continue to hold broad investor base.”

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Elon Musk said:

“Now I will continue to talk to investors, and I have put advisors to investigate a series of possible structures and options.

Apart from the other things, this will allow me to get a more accurate understanding that Tesla’s current public How many shareholders will remain if shareholders become private. ”

Elon Musk Tesla puts more light on a possible deal to take private.
Elon Musk said via Twitter on Monday evening that he was working on a proposal as financial advisor to take Tesla private with Goldman Sachs and Silver Lake.
In a statement on Monday, Musk shared more information about the person who funded a deal to make Tesla private.

Elon Musk say he is working with Silver Lake and Goldman Sachs

 

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