Earlier this week, Twitter launched its in-tweet purchasing functionality and now it is looking to offer out $1.5bn in convertible notes to fund its expansion plans. Business Insider reports that the “convertible bonds will be sold in two parts, each worth $650 million and maturing in five years and seven years, respectively”. It added, “The total amount would reach $1.5 billion if all participating banks agree to join the offering.” It appears that Twitter is taking this approach rather than a straight funding one because it is less costly and won’t thin out its ownership of itself quite so much.
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