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Saudi Fund in Talks to Invest in Tesla Buyout Deal

By Tony Seruga

Kingdom fund said to be in talks on ways to invest in buyout
As board prepares to meet advisers, investor lawsuits begin

Saudi Arabia’s sovereign wealth fund is working to be part of any investor pool that emerges to take Tesla Inc. private, as Elon Musk enters a week where his plan will draw added scrutiny from the electric-car maker’s board, advisers and investors.

The Saudi Kingdom’s Public Investment Fund, which recently built a stake just shy of 5 percent in Tesla, is exploring how it can be involved in the potential deal, according to people with knowledge of the fund’s plans. But the potential transaction’s staggering $82 billion price tag means Tesla is still likely to need to tap other sources of cash…

Saudi Fund in Talks to Invest in Tesla Buyout Deal

Categories : Private Equity

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