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

The stock of the social media company rose more than 5% in premarket trading Thursday after it was revealed that Musk had fronted more of his own money to fund the deal.

According to an SEC 13D filing on Wednesday, 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.

It was reported that Musk is talking to shareholders of the social-media platform about the possibility of retaining their stock after the proposed takeover.

The Wall Street Journal reported that Musk has abandoned plans to rely on a margin loan against his shares in the electric-vehicle maker.

Musk declared the takeover temporarily on hold after a period of uncertainty. Less than 5% of the platform's accounts are fake, something Musk has cast doubt on.

In April, the company said it had accepted the offer from Musk. The deal is expected to close in 2022.

The company's shareholders voted against re-electing an ally of Musk to the board, according to reports. Silver Lake is a private equity firm.