Thu 21.04.22_ Musk secures $46

2022-04-21

Thu 21.04.22_

Musk secures $46.5bn in funding for Twitter bid.

Elon Musk has secured $46.5 billion in funding to buy Twitter Inc and is considering a tender offer for its shares, a filing with U.S. regulators showed on Thursday.

Musk himself has committed to put up $33.5 billion, which will include $21 billion of equity and $12.5 billion of margin loans, to finance the transaction.

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

Twitter was not immediately available for comment.

Reuters.

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Comments

PorterLamb
2022-04-21
PorterLamb
It seems that Musk will succeed in acquiring twitter soon. Suddenly looking forward to what twitter will look like.
ElsieDewey
2022-04-21
ElsieDewey
Is this why Tesla's share price soared today?
th3aYaM
2022-04-21
th3aYaM
💪🏼👍🏼
Lynn098
2022-04-21
Lynn098
Will Twitter be a distraction?
luckyone
2022-04-21
luckyone
good times for Twitter ahead?...
AE2
2022-04-21
AE2
Way to go Musk!

Leave a comment

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