Youth Daily
  • News
  • Innovation
  • Culture
  • Science
  • Life
Facebook Instagram YouTube LinkedIn
Youth Daily
Facebook Instagram YouTube LinkedIn
  • News
  • Innovation
  • Culture
  • Science
  • Life
Youth Daily
Home » Musk Says He Has $46.5 Bln in Funding for the Twitter Bid

Musk Says He Has $46.5 Bln in Funding for the Twitter Bid

0
By ramazarifa on 22nd April 2022 Culture
Elon Musk
Musk says he has $46.5 bln in funding for Twitter bid - AP
Share
Facebook LinkedIn Email

In a filing with U.S. regulators showed on Thursday, Elon Musk said that he has lined up $46.5 billion in debt and equity financing to buy Twitter Inc. And since the lacking of response from Twitter’s board, Musk is considering taking his offer directly to shareholders.

Tesla CEO has secured about $25.5 billion in debt financing through Morgan Stanley Senior Funding. He also said that he has committed about $21 billion in equity financing.

It isn’t clear in the filing states whether the billionaire will make a tender offer for Twitter or he will take other steps to further the proposal.

Recommended Stories

  • Jack Dorsey Opens up on Musk’s Offer to Buy Twitter
  • Elon Musk Buys 9.2% Stake in Twitter

According to a spokesperson in the company, Twitter actually received Musk’s proposal.

“As previously announced and communicated to Mr. Musk directly, the Board is committed to conducting a careful, comprehensive, and deliberate review to determine the course of action that it believes is in the best interest of the Company and all Twitter stockholders,” the spokesperson said.

Musk offered previously to buy the social media platform for $54.20 a share, or nearly $43 billion. But it seems that the company didn’t like that offer. So it adopted a limited duration shareholder rights plan, or what it called a “poison pill” plan.

Recently, Musk has amassed a more than 9% stake in Twitter. After that, the platform extended an offer to him to join the board on one condition which is he couldn’t buy more than 14.9% of the firm. Instead of accepting the offer, Musk made a bid to buy the platform.

#ElonMusk #Twitter
Share. Facebook LinkedIn Email
ramazarifa

Related Stories

Culture

Bored Ape Yacht Club Instagram Hacked, NFTs Worth Millions Stolen

Read More
Culture

Elon Musk Buys Twitter in $44 Billion Deal

Read More
Culture

Musk Confirms He Turned Down Gates on Climate Change Collaboration

Read More
Culture

The Crystal Method to Launch First Major Music Video NFT

Read More
Culture

Elon Musk Says He Doesn’t Own a Home and Staying at Friends’ Houses

Read More
Culture

A Guy Breaks Guinness Record by Watching Spider-Man Movie 300 Times

Read More

Leave a Reply Cancel reply

Our Best

Watch the First Innovative and Futuristic Flying Yacht Soaring Above Water

Elon Musk’s Starbase: A City With Spaceport to Mars and the Moon

Jeff Bezos Plans to Make Life in Space a Reality Through Orbital Reef

Bulletproof Jaeger-C Robotic Vehicle Arrived to the Australian Army – Video

Latest Posts

Elon Musk Buys Twitter in $44 Billion Deal

Read More

Musk Confirms He Turned Down Gates on Climate Change Collaboration

Read More

Youth Daily Newsletter

Join Youth Daily community, now.

Youth Daily is where news about Technology, innovation, culture, and much more is brought to you.
We're social. Connect with us:

Facebook Instagram YouTube LinkedIn RSS

Youth Daily Newsletter

Subscribe now, and keep yourself up-to-date with latest news that matters to you.

©2022 Youth Daily. All Rights Reserved
  • HOME
  • PRIVACY POLICY
  • JOBS
  • ABOUT US
  • TERMS OF USE

Type above and press Enter to search. Press Esc to cancel.

Go to mobile version