Tesla’s Elon Musk secures US$46.5 billion in financing commitment to acquire Twitter, explores tender offer

Musk himself has committed to put up US$33.5 billion, which will include $21 billion of equity and $12.5 billion of margin loans, to finance the transaction

Musk offered to buy the company for US$43 billion that prompted Twitter to adopt a ‘poison pill’ to limit Musk’s ability to raise his stake in the social media platform

Reading Time:2 minutes

Published: 10:52pm, 21 Apr 2022Updated: 11:15pm, 21 Apr 2022

Elon Musk has secured US$46.5 billion in funding to buy Twitter Inc and is considering a tender offer for its shares, a filing with US 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.

Banks, including Morgan Stanley, have agreed to provide another $13 billion in debt secured against Twitter itself, according to the filing.

Twitter was not immediately available for comment.

Tesla and SpaceX CEO Elon Musk says he has lined up US$46.5 billion in financing to buy Twitter, and he’s trying to negotiate an agreement with the company. Photo: Photo via AP

Musk’s latest move comes after Twitter failed to respond to his offer and adopted of a “poison pill” to thwart the billionaire’s effort to buy the social media platform for $43 billion.

Select Voice

Choose your listening speed

Get through articles 2x faster

1.25x

250 WPM

Slow

Average

Fast

00:0000:00

1.25x