Twitter Inc (NYSE:TWTR) is planning to raise of $1.5 billion through debt to invest in acquisition and expansion. The micro blogging company will sell the convertible bonds in two $650 million pieces, one will have a maturity period of five years and other will be due in seven years, according to a regulatory filing. The offering size may rise to $1.5 billion if the banks involved exercise an over-allotment option.
Twitter following Google, Netflix
Twitter is expected not to post a profit this year, but still needs to shell out money to ramp up its advertising business and add engineers, who can enhance the products offerings to create a larger user base.
Since its founding by Will Thomson and Chip Russell in June 2016, the Massif Capital Real Asset Strategy has outperformed all of its real asset benchmarks. Since its inception, the long/short equity fund has returned 9% per annum net, compared to 6% for the Bloomberg Commodity Index, 3% for the 3 MSCI USA Infrastructure index Read More