The Epoch Times BY EMEL AKAN
Billionaire Tesla CEO Elon Musk has secured the required financing to buy Twitter and take the company private, according to a new regulatory filing. Musk is also exploring a tender offer to buy shares directly from stockholders.
The document shows that Musk has received $46.5 billion in commitment to help finance the proposed deal. If he decides to go ahead with a tender offer, he will approach Twitter shareholders and offer to buy their shares within a specific time frame. He’s still considering whether to launch a tender offer for Twitter, according to the filing.
Musk, the richest man in the world, has secured $25.5 billion in debt financing from Morgan Stanley and other financial institutions, including Bank of America, Barclays, and Mizuho. He has also committed to provide $21 billion in equity financing, according to the document.
