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Tesla seeks wide investor pool to back its take-private plan

Jamie McKane

MyBroadband Journalist
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#1
Tesla seeks wide investor pool to back its take-private plan

Tesla Inc. Chief Executive Officer Elon Musk and advisers are seeking a wide pool of investors to back a potential take-private of the automaker to avoid concentrating ownership among a few new large holders, according to people familiar with the matter.

Tesla is holding early discussions with banks about the feasibility and structure of a possible deal, the people said, asking not to be identified as the details aren’t public.

[Bloomberg]
 
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