Microsoft (NASDAQ:) co-founder Invoice Gates mentioned that Elon Musk might make Twitter (NYSE:) “worse” after the social media firm accepted Musk’s $44 billion bid.

It stays to be seen how will Musk change the social media platform, mentioned Gates on the Wall Road Journal’s CEO Summit on Wednesday. Gates additionally voiced his considerations over the unfold of misinformation on social media networks.

Gates acknowledged Musk’s success together with his earlier corporations together with Tesla (NASDAQ:) and SpaceX, saying that his time as chief of those corporations was “mind-blowing.” Musk has achieved an excellent job of assembling an incredible crew of engineers at Tesla and SpaceX, added Gates.

“I form of doubt that can occur this time, however we must always have an open thoughts and by no means underestimate Elon,” he mentioned.

Within the meantime, Musk is reportedly near securing $10 billion in money from his previous monetary backers to assist him fund the $44 billion acquisition of Twitter.

In response to the New York Put up, Tesla’s boss is speaking to a number of enterprise capital corporations which have invested in his earlier corporations like House X.

Whereas no particular corporations have been named, it’s recognized that Musk’s earlier monetary backers have included D1 Capital Companions, Sequoia Capital, and Valor Fairness Companions.

Musk has reportedly held talks with household places of work that handle substantial quantities of personal capital to assist him fund the buyout.

“He has greater than $10 billion of dedicated fairness,” the report mentioned.

Musk turned to his previous buyers whilst talks with the tech-oriented personal fairness agency Thoma Bravo stalled after some executives on the agency have been involved about backing Musk, citing important danger associated to the deal.

The report mentioned that Thoma Bravo’s co-founder Orlando Bravo has “spent hours speaking to Elon” and was serious about backing Musk.

The Wall Road Journal revealed a report on Tuesday saying that Musk has advised buyers he intends to take Twitter public once more inside three years of the acquisition. Earlier reviews mentioned that Thoma Bravo noticed a chance to chop prices on the social media big and was trying to strike a serious deal.

However some executives on the personal fairness agency have been reluctant to again Musk, who has beforehand revealed quite a few uncommon tweets equivalent to that he plans to rework Twitter’s headquarters right into a homeless shelter.

By Senad Karaahmetovic