Tesla CEO
Elon Musk has secured a funding commitment of $46.5 billion to
buy Twitter Inc and is planning to start 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.
Elevate Your Tech Prowess with High-Value Skill Courses
Offering College | Course | Website |
---|
Indian School of Business | Professional Certificate in Product Management | Visit |
Indian School of Business | ISB Product Management | Visit |
IIT Delhi | Certificate Programme in Data Science & Machine Learning | Visit |
Banks, including Morgan Stanley, have agreed to provide another $13 billion in debt secured against
Twitter itself, according to the filing.
Musk. Twitter's second-largest shareholder, has offered to buy the company for $43 billion that has prompted Twitter to adopt a "poison pill" to limit Musk's ability to raise his stake in the social media platform.
Discover the stories of your interest