According to a filing with US regulators on Thursday, Elon Musk has obtained a $46.5 billion financing commitment to buy Twitter Inc and plans to launch a tender offer for its shares.
Musk has pledged to invest $33.5 billion in the transaction, including $21 billion in equity and $12.5 billion in margin loans.
According to the petition, banks, including Morgan Stanley, have agreed to contribute another $13 billion in loans secured against Twitter. ing in a reasonable manner and witnessed continuous consumer demand.”
Musk. Twitter’s second-largest stakeholder, has made a $43 billion offer to buy the firm, prompting Twitter to implement a “poison pill” to prevent Musk from increasing his stake in the social media network.