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Twitter jumps more than 5% after Elon Musk puts up another $6.25 billion of his own wealth to fund the takeover deal

Twitter stocks rose more than 5% in premarket trading Thursday after Elon Musk fronted more of his own wealth to fund his $44 billion buyout offer.

Musk will put up another $6.25 billion of equity for the deal, lifting the total to $33.5 billion from an initial $27.25 billion, according to an SEC 13D filing on Wednesday.

It also said Musk is talking to Twitter shareholders, such as the social-media platform’s former CEO Jack Dorsey, about the possibility of their retaining the stock after the proposed takeover, as a way to get more financing for the deal.

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