Elon Musk secures $46.5bn funding for Twitter and reviews takeover bid

Elon Musk has secured a $46.5 billion financing commitment to buy Twitter Inc and plans to launch a takeover bid for its shares, a filing with U.S. regulators showed on Thursday.

Musk himself has committed to providing $33.5 billion to fund the transaction, including $21 billion in equity and $12.5 billion in margin loans.

Banks, including Morgan Stanley, have agreed to provide an additional $13 billion in debt secured against Twitter itself, the filing said.

Musk. Twitter’s second-largest shareholder has offered to buy the company for $43 billion, prompting Twitter to introduce a “poison pill” to limit Musk’s ability to increase its stake in the social media platform.

https://www.businesstoday.in/latest/story/elon-musk-secures-465-bn-funding-for-twitter-explores-tender-offer-330735-2022-04-21?utm_source=rssfeed Elon Musk secures $46.5bn funding for Twitter and reviews takeover bid

Jaclyn Diaz

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