Hoping to repay some of the $13 billion in debt he accrued to fulfill his $44 billion impulse buy of social media platform Twitter, petulant proto-supervillain Elon Musk may sell as much as $3 billion in new shares of Twitter, the Wall Street Journal reports.
The money would help lower the amount of unsecured debt–which carries the highest interest rates–Musk leveraged to pay for Twitter at a purchase price 25% over market value at the time of Musk’s April offer. Since his acquisition was completed, Musk has faced a wrath of criticism for his management of the platform, the company, its employees and his other ventures, making the record books after losing a jaw-dropping $200 billion in personal wealth in one year.
Should Musk choose to sell a portion of Twitter, the US government will keep a keen eye on suitors, wary of continued foreign influence at the popular social media site.