The deal with Mirae is expected to be finalised in the
coming days before the deadline for the closing of the Twitter deal on October
28, the source added.
Mirae Asset earlier this year invested in Musk's rocket and
satellite company SpaceX, the person said.
Musk's lawyer was not immediately available for comment.
Mirae Asset declined to comment.
The Korea Economic Daily earlier reported Mirae Asset's
investment plan for Twitter.
"Mirae Asset is creating a KRW 300 billion fund to
support Musk's takeover of Twitter, according the to investment banking
industry. The structure (of the fund) is to jointly acquire a stake in Twitter
with Musk," the newspaper reported
Analysts say Musk needs to attract more equity investors to
finance the Twitter purchase and avoid further sales of his stock in electric
car maker Tesla.
Earlier this month, a Delaware judge gave Musk until October
28 to close his takeover of the social media platform.
Tesla investors have feared the billionaire might sell more
Tesla stock to finance the deal, weighing on its shares.
Meanwhile, the banks providing $13 billion in financing for
Tesla CEO Elon Musk's acquisition of Twitter have abandoned plans to sell the
debt to investors because of uncertainty around the social media company's
fortunes and losses, people familiar with the matter told Reuters.
The banks are not planning to syndicate the debt as is
typical with such acquisitions, and are instead planning to keep it on their
balance sheets until there is more investor appetite, the sources said.
© Reuters