Elon Musk Details Plan for $46.5 Billion Twitter Takeover

Elon Musk said on Thursday that he had a $ 46.5 billion commitment to finance his proposed bid for Twitter and was exploring whether to launch an adverse takeover for the company.

In the documents filed with the Securities and Exchange Commission, Mr. Musk said he was looking to take his offer directly to Twitter shareholders – a so-called tender offer because it would be without the consent of Twitter’s board and management.

Commitments are a combination of debt and cash. Investment bank Morgan Stanley and a group of other lenders invested ડે 13 billion in debt financing and Mr. Musk’s Tesla stock. Mr. Musk is expected to add about $ 21 billion to equity financing.

Last week, Mr. Musk, the world’s richest man, made an unsolicited offer to a social media company, saying he wanted to take it private and that he wanted people to be able to talk more freely on the service. But his offer was viewed with suspicion by Wall Street because it did not include details on how the money would come for the deal.

Mr. Musk said he would continue to review his investment on Twitter, which could mean buying – or selling – more shares. While Twitter’s board has not rejected Shree. Musk’s offer, he responded days later with a defensive tactic known as a “poison pill”. If Mr. Musk bought more than 15 per cent stake in the company, Twitter will flood the market with new stock except all shareholders except Mr. Musk. The 50-year-old was building a stake in the company and owned more than 9 percent of Twitter, making it its largest individual shareholder at one point.

Mercury’s billionaire hinted for days that he plans to offer a tender. “Love me tender,” he said Tweeted Saturday with Musical Notes – An apparent reference to a popular ballad by Elvis Presley and a possible indication of his next move in the fight for takeover.

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