Musk Cuts His Margin Risk With Equity Partners for Twitter (1)

Elon Musk may be the world’s richest person, but that doesn’t mean he wants to put his massive fortune at risk to buy Twitter Inc.

The Tesla Inc. co-founder restructured his complex bid for the social-media giant by getting $7.1 billion in equity commitments from investors. He also cut in half the size of a record margin loan arranged last month with an array of investment banks.

Read more: Musk Gets Extra $7.1 Billion From Ellison, Qatar for Twitter Bid

As a result, Musk is significantly less exposed to any potential market volatility. Before, he needed Tesla to remain above ...