Elon Musk receives a $46.5 billion loan for Twitter and considers a tender offer.

  • April 22, 2022, 12:15 p.m.

A filing with U.S. regulators showed that Tesla CEO Elon Musk has secured a funding commitment of $46.5 billion to buy Twitter Inc and is planning to launch a tender offer for its shares, a filing with U.S. regulators showed on Thursday.

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

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

Author : Rajdhani Delhi Representative

Rajdhani delhi representative

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